Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

American Public School Finance

Authors: William A. Owings, Leslie S. Kaplan

3rd Edition

113849996X, 978-1138499966

More Books

Students also viewed these Finance questions

Question

=+ Do you see any potential problems with the analysis?

Answered: 1 week ago