Between 1960 and 1995, Social Security benefits:
A. decreased from 35 percent down to 10 percent.
B. increased from 10 percent to 35 percent.
C. increased, decreasing the poverty rate among the elderly from 35 percent down to 10 percent.
D. decreased, increasing the poverty rate among the elderly from 10 percent to 35 percent.
C. increased, decreasing the poverty rate among the elderly from 35 percent down to 10 percent.
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The indirect provision of funds by savers to borrowers is accomplished by
a. banks and other financial markets. b. banks and other financial intermediaries. c. stock markets and other financial markets. d. All of the above are correct.
Government action will often result in the counterproductive use of resources because
A) voter participation is low; if more people voted the political process would be more efficient. B) many politicians are not interested in how their legislative votes will influence their chances of winning future elections. C) politicians are often unwilling to listen to interest groups that have specialized knowledge. D) there is often a conflict between winning political elections and adoption of only productive programs.
Some economists believe that creeping inflation cannot be accepted because a gradual increase in prices leads to an ever-rising rate of inflation. Other economists argue that in order to achieve economic growth, some moderate price increases are necessary. Contrast and evaluate these two points of view.
What will be an ideal response?
In order for a firm to maximize profits through price discrimination, the firm must have some market power and be able to prevent arbitrage
a. True b. False Indicate whether the statement is true or false