Since Social Security benefits are paid from current contributions, the system is a
A) privatized system.
B) overfunded system.
C) "pay-as-you-go" system.
D) defined contribution system.
C
You might also like to view...
Kaitlyn and Larissa have formed a dog bathing and grooming business business. The number of dogs they can bathe or groom in any given day is depicted in Table 2.1. The opportunity cost of grooming the first dog in a day is bathing ________ dog(s)
A) 1 B) 2 C) 24 D) 25
There are 6 firms in a market and the market shares of the firms are 40 percent, 30 percent, 10 percent, 8 percent, 7 percent, and 5 percent. The four-firm concentration ratio is equal to
A) 2738. B) 2664. C) 100. D) 88.
A ___________is a government payment to an individual, business, or other group to encourage or protect a certain type of economic activity.
Fill in the blank(s) with the appropriate word(s).
A change in business inventories is:
A. not counted in GDP because it does not represent final sales. B. counted in GDP as investment. C. counted in GDP as net exports. D. counted in GDP as consumption.