What three types of benefits does Social Security provide?
What will be an ideal response?
Pensions for retired workers, cash benefits for the survivors of workers who die before retirement, disability benefits for workers who become incapable of working.
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What is a defining characteristic of a regressive tax system?
a. The tax rate increases as income decreases. b. The burden is equal for the poor and the wealthy. c. The funds are typically used only during emergencies. d. The sales tax does not apply to all purchases.
Legislators and government officials are often more impressed by contacts from
A. constituents than interest groups. B. aides to the Supreme Court than the bar association in their district. C. lobbyists who threaten to take their case to the public than their constituents. D. reporters who leak classified information to the press than the media in general. E. representatives from foreign governments than lobbyists from American interests.
Strategic trade policy
a. is consistent with the theory of comparative advantage. b. tries to create economic dependencies. c. was advocated by David Ricardo. d. is central to the Liberal International Economic Order.
In the first three weeks of 2009, after the price of its main export, oil, plummeted, Russia depreciated its ruble six times. This is an example of the principle of __________
A) currency devaluation B) currency easing C) upsurging currency D) reduced inflation