The amount of land covered by forests is:
A. declining in all nations.
B. increasing in all nations.
C. increasing in places like the United States and Western Europe, while declining in
countries in South and Central America.
D. declining in places like the United States and Western Europe, while increasing in
countries in South and Central America.
Answer: C
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In a market economy,
a. there is a fixed economic pie to be divided among individuals. b. differences in incomes provide individuals with an incentive to supply resources that are highly valued by others. c. a central distributing agency carves up the economic pie and allocates slices to individuals. d. both a and b above are true.
Social Security, officially known as Old Age and Survivors Insurance (OASI),
a. collects funds from current workers and invests them in order to provide these workers with a stream of income during the retirement phase of life. b. is based on the same principles as private insurance programs. c. is an intergenerational income transfer program. d. is a voluntary savings program run by the government.