Question
35. Which of the following statements is true? a The Medicare program is the U.S. health care program for people age 75 and older. b
35. Which of the following statements is true?
a | The Medicare program is the U.S. health care program for people age 75 and older. |
b | SS is a pay-as-you-go system, meaning that current revenues are used to pay current retirees. |
c | Baby boomers are entering retirement age and living longer, meaning that there will be more recipients receiving payouts for longer periods of time. |
d | All of the above. |
e | Only b) and c) |
33. Which of the following statements is true?
a | Input prices are fixed by contractual agreements such as labor contracts. |
b | Output prices may be fixed as a result of issuance of catalogs or price lists that are in effect for a stated period of time. |
c | In the long-run, input prices are fixed but output prices are variable. In the short-run, input prices and output prices are flexible (they can change). |
d | All of the above. |
e | Only a) and b) |
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