The Social Security program is financed directly from
A) voluntary contributions by the elderly.
B) sales taxes on goods with inelastic demand.
C) payroll taxes.
D) poll taxes.
C
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Monopolistic competition entails a deadweight loss to society, even if the firms earn zero economic profits.
Indicate whether the statement is true or false.
Increases in the duration of unemployment may
A. increase the number of discouraged workers. B. reflect a general downturn in economic activity that depresses job openings. C. increase the unemployment rate. D. all of these.
If customers demand to be served by white wait-staff, it is legal for restaurants to hire only whites because it is a "business necessity."
Answer the following statement true (T) or false (F)
Which of the following shifts the aggregate supply curve rightward? i. The money wage rate rises. ii. Potential GDP increases. iii. Government expenditure on goods and services increases
A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii