Based on the current state of revenue of the Social Security and Medicare programs, the government has two options for funding, which are
A) raising payroll taxes or cutting benefits.
B) raising payroll taxes or raising benefits.
C) cutting payroll taxes or cutting benefits.
D) cutting payroll taxes or raising benefits.
A
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Michigan Radio is the state's most listened-to public radio service, attracting approximately 400,000 listeners each week. The on-air fundraiser, which ran during October 2010, generated over 7400 pledges from donors
The money raised helps pay for programming costs at the station, with membership support being the single largest source of income. The 392,600 listeners who did not call and donate can be classified as what? A) free riders B) marginal beneficiaries C) rival consumers D) rationally ignorant
Refer to Figure 15-3. Suppose the monopolist represented in the diagram above produces positive output. What is the price charged at the profit-maximizing/loss-minimizing output level?
A) $38 B) $54 C) $68 D) $75