One argument offered by economists for having a Social Security system is that if there were no Social Security, workers might
A. save too much.
B. work too long.
C. overestimate the value of retirement.
D. decide to use welfare as a retirement income, pushing the costs off onto others.
Answer: D
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Moving along a country's PPF, a reason opportunity costs increase is that
A) unemployment decreases as a country produces more and more of one good. B) unemployment increases as a country produces more and more of one good. C) technology declines as a country produces more and more of one good. D) some resources are better suited for producing one good rather than the other. E) technology must advance in order to produce more and more of one good.
Because consumer loans are rather __________, they have been relatively __________ to securitize
A) standardized; easy B) standardized; difficult C) not standardized; easy D) not standardized; difficult
A country producing a combination of 5 units of guns and 6 units of butter would be _________________ (outside/on/inside) the production possibilities curve.
A pure discount bond is also known as a:
A. coupon bond. B. consol. C. zero-coupon bond. D. fixed payment loan.