Which of the following is a social insurance program?
a. Medicaid
b. Food stamps
c. Social Security
d. Temporary Assistance for Needy Families
e. FDIC
C
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If the economy of Gwondanaland is growing more rapidly than the economy of Japan, most likely
A. Japan has more current investment than Gwondanaland. B. Japan has more government spending than Gwondanaland. C. Japan spends more on capital goods than Gwondanaland. D. Gwondanaland has lower current consumption than Japan. E. Gwondanaland has lower current investment than Japan.
Which of the following is a firm that makes its stock available to be bought and sold by financial investors?
a. Public company b. Sole proprietorship c. Private company d. Business entity
The age-earning cycle shows an individual typically earning
A) a constant income (adjusted for inflation) over the entire working life of the worker. B) an income that cycles upward and downward as an individual ages. C) an income that increases with age, peaks, and then falls as retirement approaches. D) an income that declines until age 30-35 and then increases rapidly.
If the nominal interest rate on a one-year loan was 7%, the actual inflation rate over the year was 3% and the expected inflation rate over the year was 2.5%, then the expected real interest rate equals
A. 3.75%. B. 3.5%. C. 4.5%. D. 4.0%.