Industries that seek trade protection from government can be said to be engaging in rent seeking behavior

The efficient markets hypothesis suggests that if an unexploited profit opportunity arises in an efficient market

A) it will tend to go unnoticed for some time. B) it will be quickly eliminated. C) financial analysts are your best source of this information. D) all profits will be eliminated through taxation.

When Social Security first began, the required contribution levels were _____

a. 2 percent of a worker's pay for all income earned b. 2 percent of a worker's pay for the first $3,000 of income earned c. 1 percent of a worker's pay for the first $3,000 of income earned d. 1 percent of a worker's pay for all income earned