Which one of the following could account for an increase in the market clearing price of iPads?
A) a decrease in demand for iPads
B) an increase in supply of iPads
C) an increase in supply along with a decrease in demand
D) an increase in demand along with a decrease in supply
D
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Socialism is an economic system characterized by:
a. private ownership of resources and market decision-making. b. government ownership of resources and centralized decision-making. c. cooperation, sharing, and little central government. d. a complex structure of rules and traditions that dictates decision-making.
The Social Security system pays:
A. current retirees from funds paid by current employees. B. retirees the money accumulated from the payroll tax collected throughout their working lives. C. current retirees from current general government revenues. D. current retirees from general government revenue surpluses they contributed to through taxes.