Which of the following are reasons why Social Security is compulsory?
a. A pay-as-you-go system needs new contributors to maintain solvency.
b. A pay-as-you go system cannot let older individuals opt out of benefits.
c. The adverse selection problem.
d. all of the above
e. a and c
e
Economics
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Which of the following market structures is most similar to perfect competition?
A) Monopsony. B) Monopolistic competition. C) Oligopoly. D) Monopoly.
Economics
The ultimate effect of a reduction in the money supply is: a. a leftward shift of the aggregate demand curve
b. a rightward shift of the short-run aggregate supply curve. c. a movement upward along the aggregate demand curve. d. a movement downward along the aggregate demand curve. e. a movement upward along the short-run aggregate supply curve.
Economics