Which of the following constituted the majority of federal outlays in 2011?

a. Social security and Medicare
b. Defense
c. Net interest paid on the national debt
d. Welfare

a

Economics

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If the interest rate is 4 percent, how much interest would the retiree earn the first year if she opted for the lump sum payment, and chose to invest the entire payment at this interest rate?

A) $1,400 B) $20,000 C) $55,000 D) $235,000

Economics

If the marginal benefit of a hot dog is greater than its marginal cost, then to increase efficiency,

A) more hot dogs should be produced. B) fewer hot dogs should be produced. C) nothing should be done if the marginal benefit is greater than the marginal cost by the maximum amount because in this case the efficient quantity of hot dogs is being produced. D) production should be halted. E) More information is needed about the price of a hot dog in order to determine if production should be increased, decreased, or not changed.

Economics