The method of financing the Social Security system until 1983 is best described as

a. trust fund.
b. excise tax.
c. indirect tax.
d. "pay as you go."


d

Economics

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Which of the following is an example of a factor of production?

A) Land B) Cell phones C) Canned soup D) Television sets

Economics

A market failure occurs when the market outcome is not the socially efficient outcome

a. True b. False Indicate whether the statement is true or false

Economics

The Five Forces Model illustrates the forces that determine the level of product differentiation and price competition in an industry.

Answer the following statement true (T) or false (F)

Economics

The shift from S to S' is called a(n)

A. decrease in quantity supplied.
B. increase in quantity supplied.
C. increase in supply.
D. decrease in supply.

Economics