Multiple Choice
Consumer choice theory predicts that,with identical consumers,pay-as-you-go social security
A) always makes all generations worse off.
B) makes some generations better off, and cannot make any generation worse off.
C) may make some generations worse off and cannot make any generation better off.
D) may be Pareto improving.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: When there are credit-market imperfections,an increase in
Q3: Why do consumers benefit from pay-as-you-go social
Q4: In the two-period model,the budget constraint is
Q5: In the two-period model with asymmetric information,a
Q6: Pay-as-you-go social security<br>A) can never improve economic
Q7: When there are credit market frictions,Ricardian equivalence
Q8: An interest rate spread is<br>A) the difference
Q9: In the two-period model with asymmetric information,a
Q10: For a consumer not bound by the
Q11: In a frictionless world<br>A) Fully funded social