In class we learned that an 'unfunded liability' could be created when the government creates a program

Fantastic news! We've Found the answer you've been seeking!

Question:

In class we learned that an 'unfunded liability' could be created when the government creates a program such as Social Security or Medicare that promises future payments, but at the same time they really don't know how much the program will ultimately cost in the long-run. True or False True False

Posted Date: Jun 12, 2024 12:03 PM

See More Questions

If the receivables turnover ratio is 7.15 and average net receivables during the period is $\$ 210,000$, what is the amount of net credit sales for the period?
An organizations environment includes all the elements that lie outside its own boundarieseverything from human beings to economic phenomena. What can psychology tell us about the environment in...
True or false: In the long run, your prices have to cover all your costs, both fixed and variable. If you don't meet this minimum threshold, you cannot survive as a successful business
Answer with your own words. 1 Explain a tax-related disadvantage of the corporate form of business organization. 2 What is the purpose andgoal of the financial management 3 Why is it more important...
CoursHeroTranscribedText Kansas Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to account for costs of production. It produces parts in three...
On January 1, 2023, French Company acquired 60 percent of K-Tech Company for $328,500 when K-Tech's book value was $428,500. The fair value of the newly comprised 40 percent noncontrolling interest...
Consider the Solow growth model developed in class. The production function is Y = K(AL)-, where 0 < a < 1. Population grows at the exogenous rate n, Lt+1 = (1 + n)Lt. The capital stock accumulates...
During the last current year, the net sales of Hamando Kironashiwa company, were 10% below last year's level. You should expect Hamando Kironashiwa's semi variable cost to? ABCZ Company sells a...
a) Consider a fully loaned out banking system, consisting of banks X, Y, and Z which is subjected to a cash reserve requirement of 20%. Assume as a student you have savings amounting to Ksh15000 and...

In class we learned that an 'unfunded liability' could be created when the government creates a program

Question:

Expert Answer:

Students also viewed these economics questions