Future generations will be hurt by a high national debt if incurring the debt
a. was done to pay Social Security recipients.
b. resulted in heavy commitments to bail out business firms.
c. increased formation of capital.
d. slowed the formation of capital.
d
Economics
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Explain the funding structure of the Social Security and Medicare programs. Why are these programs in danger of running out of funds in the future?
What will be an ideal response?
Economics
Suppose an increase in supply lowers the price from $10 to $8 and increases the quantity demanded from 100 units to 130 units. Using the midpoint method, the elasticity of demand equals
A) 1.17. B) 0.85. C) 0.26. D) 1.56. E) None of the above answers is correct.
Economics