Based on the current state of revenue of the Social Security and Medicare programs, the government has two options for funding, which are
A) raising payroll taxes or cutting benefits.
B) raising payroll taxes or raising benefits.
C) cutting payroll taxes or cutting benefits.
D) cutting payroll taxes or raising benefits.
A
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In an economy without international trade, investment must equal ________ saving.
A. national B. public C. private D. life-cycle
If quantity supplied is either greater or less than the equilibrium quantity, then all of the following are true except:
a. total loss of surplus will depend on the shape of the demand and supply curves. b. the resulting loss of consumer surplus will depend on the price of the good. c. total loss of surplus will depend on the price of the good. d. there will be an inefficient allocation of resources.
Which of the following parties is most likely to benefit when the exchange rate changes from $1 = 19 Mexican pesos to $1 = 25 Mexican pesos?
a. Mexico residents buying U.S. investments b. Mexican tourists visiting the United States c. U.S. firms exporting goods to Mexico d. U.S. residents buying Mexican-made goods
The rate at which one currency can be traded for another is called the:
A. terms of trade. B. transfer rate. C. exchange rate. D. coupon rate.