An individual paying twice as much in Social Security taxes over her lifetime as another individual would receive at least twice as much in Social Security benefits
a. True b. False
b
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Which of the following examples will have a fall in revenue?
a. When the price of hamburger buns decreases 10 percent, sales increase 12 percent. b. When the price of ice cream decreases 4 percent, sales increase 8 percent. c. When the price of lemons decreases 5 percent, sales increase 3 percent. d. When the price of salsa decreases 8 percent, sales increase 8 percent.
The burden of the debt is passed on to future generations when the debt is held by
A. U.S. corporations. B. U.S. households. C. State and local governments. D. Foreign households.
The equilibrium rate of interest in the market for money is determined by the intersection of the:
A. supply-of-money curve and the asset-demand-for-money curve. B. supply-of-money curve and the transactions-demand-for-money curve. C. supply-of-money curve and the total-demand-for-money curve. D. investment-demand curve and the total-demand-for-money curve.
As the demand for corn increases to provide input for ethanol production, what is expected to happen to the price elasticity of corn supply?
A) It will decrease. B) It will become zero. C) It will increase. D) It will not change.