Work disincentives in the system of Social Security have seen the number of persons in the program increase dramatically. What incentives could be put in place to reverse, or at least slow, this trend?

A private cost is a cost of production that is borne by the

A) consumer of the good. B) producer of the good. C) government. D) consumer of the good and the government.

Suppose that the cost of a loaf of bread in Zanadoo is 20 shillings, and this represents a full day's wages for the typical factory worker. The 20 shillings represents a ____ value while the loaf of bread costing a full day's wage represents a ____ value.

a) real; real b) nominal; nominal c) real; nominal d) nominal; real