In 2014, the Social Security Trust Fund held approximately
A. more than enough to deal with all future liabilities.
B. $3 trillion in government bonds, and when combined with expected future taxes, that will be enough to deal with future liabilities.
C. enough to deal with all future liabilities.
D. $3 trillion in government bonds, and when combined with expected future taxes, that will still not be enough to deal with future liabilities.
Answer: D
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Suppose the equilibrium price in a perfectly competitive industry is $10 and a firm in the industry charges $12. Which of the following will happen?
A) The firm will sell more output than its competitors. B) The firm will not sell any output. C) The firm's revenue will increase. D) The firm's profits will increase.
Which of the following are criticisms of voucher programs?
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