One major problem with Social Security is that it is a "pay as you go" system
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The difference between the lowest price a firm would have been willing to accept and the price it actually receives from the sale of a product is called
A) marginal revenue. B) price differential. C) profit. D) producer surplus.
Economics
Suppose a bank has $8,000 in checkable deposits and the required reserve ratio is 0.2 . If actual reserves equal $3,000 . then excess reserves equal:
a. $1,600. b. $1,400. c. $2,400. d. $5,000. e. zero.
Economics