List the three programs that are part of the Social Security system
What will be an ideal response?
(1.) The Old Age and Survivors Insurance (OASI) program.
(2.) The Disability Insurance program.
(3.) The Health Insurance program (Medicare).
Economics
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Assume the price of tomatoes increases. Which of the following causes would correspond to greater producer surplus?
A) an increase in supply B) an increase in costs C) a decrease in supply D) an increase in demand
Economics
Suppose the production function for a certain device is q = L + K. If neutral technical change has occurred, which of the following could be the new production function?
A) q = L + 5K B) q = 5 ? (L + K) C) q = 5L + K D) All of the above are possible.
Economics