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
b
Economics
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The above figure illustrates Mary's production possibilities frontier. If Mary wants to move from point d to point c, she must
A) improve technology. B) increase her accumulation of capital. C) give up some of good X in order to obtain more of good Y. D) give up some of good Y in order to obtain more of good X.
Economics
In the long run, a monopolistically competitive firm
A) earns zero economic profit. B) produces at minimum average cost. C) operates at full capacity. D) All of the above.
Economics