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Which of the following statements about Medicare and Social Security are false?
Spending on Medicare and Social Security has increased dramatically as the population has gotten older.
Medicare and Social Security represent a mandatory outlay.
Medicare and Social Security represent about 10% of total government spending.
Medicare is a program that provides health care to the poor and to the elderly.
Social Security and Medicare are social insurance programs.
An economy has $72, to divide between Hamlet and Ophelia. Hamlet has the utility function u[H] = U[H] (m[H]) = 3m[H], where m[H] denotes his quantity of money. Ophelia has the utility function u[O]= U[O](m[O]) = 42sqrt(m[O]), where m[O] denotes her q..
The charter boat fishing industry has a marginal benefit (demand) for fishing trips out of Irondequoit Bay which can be expressed as a linear function of the price of the trip and the number of trips taken out of the port. This marginal benefit curve..
According to 2009 data on the U.S. population which of the following was correct? Adults had higher labor-force participation rates and higher rates of unemployment compared to teenagers. Adults had higher labor-force participation rates and lower ra..
What might you reasonably expect of an industry in which firms tend to have economies of scale?
What are the characteristics that define incremental/do better innovation, radical/do different innovation, and existing frame/new frame innovation? Which innovation activity is the most risky, and why?
q1. suppose the following data apply total bank reserves 22 billion total bank deposits 400 billion cash held by public
Explain why the R-squared from the regression from F test will always be at least as large as the R-square from the BP regression.
q1. the precursors of todays engineers listed in the quotation from wickenden had no classes and few or no books from
Illustrate what is meant by the term "natural monopoly" and what are the key characteristics.
Which program forces farmers to destroy millions of dollars worth of crops each year?
Discuss the long range effects of a stimulus plan as it affects the banking sector.
How is this shifting of AD curve going to affect the price level and output level of the economy.
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