Which of the following policies would not prevent the Social Security trust fund from running out of assets?
A. Reduce promised benefits
B. Earn a higher rate of return
C. Increase taxes
D. Reduce taxes
Answer: D
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The CPI basket contains 400 oranges and 800 pens. In the base year, the price of an orange is $1.00 and the price of a pen is $0.75. This year, urban consumers each buy 300 oranges at $2.00 each and 850 pens at $1.00 each
The CPI this year is ________. A) 1.60 B) 62.5 C) 160 D) 140
In economics, an organization that produces a good or service is called a
A) business. B) firm. C) company. D) All of the above are correct.
If the reserve requirement on checkable deposits is .25, the ratio of currency held by the public to
demand deposits is .15, the ratio of time deposits to demand deposits is 3, the reserve requirement on time deposits is 0, and the ratio of excess reserves to demand deposits is 0, then the demand deposit multiplier is A) 5. B) 4. C) 3.33. D) 2.5.
Which of the following countries is a member of the Eurozone?
A) Sweden B) Finland C) Norway D) Switzerland