If the MPS = 0.2, the multiplier would be

If the price of a movie ticket increases by 4 percent and the quantity of movies demanded falls by 2 percent, the price elasticity of demand is

A) 2.0. B) 4.0. C) 0.5. D) some amount that cannot be determined without more information.

Which of the following statements about the Social Security (OASDI) program is FALSE?

A) Benefits are paid to individuals who would be financially secure in their absence. B) Benefits are based on need. C) Benefits are an intergenerational transfer program from those who work to those who don't work. D) When an insured worker dies, benefits continue for widows or other dependents.