Author Question: Since the Social Security benefits of retirees are a function of the taxes paid by others, it is ... (Read 32 times)

ghost! · **on:** Jul 1, 2018

Since the Social Security benefits of retirees are a function of the taxes paid by others, it is easy to predict that _____.

a. older voters are likely to vote against higher taxes in exchange for higher benefits
b. older voters are likely to vote for higher taxes in exchange for higher benefits
c. older voters will be indifferent between higher taxes and higher benefits
d. older voters will generally not get what they want

Question 2

A one-tail test of significance would be used to determine whether

A) demand for a good is price elastic.
B) two goods are substitutes for each other in supply.
C) two goods are unrelated to each other in demand.
D) supply of a good is price inelastic.