The US Dependency Ratio, or the Number of People Who Pay

question 55

True/False

The U.S. dependency ratio, or the number of people who pay into Social Security for each beneficiary, was 16:1 in 1950 and dropped to 4:1 by 2000.

Understand the basic principles of the market system, including self-interest, competition, and private property.

Describe the characteristics and implications of laissez-faire capitalism and command economies.

Recognize the role of division of labor and specialization in enhancing productivity and economic output.

Distinguish between various economic systems based on their institutional arrangements and coordinating mechanisms.

---

Definitions:

Bit Status

The current state (on or off) of a bit, representing the smallest unit of data in digital computing and communications.

Logic Continuity

Logic Continuity refers to the uninterrupted and consistent application of logical conditions and operations in a control or computational process.

OFF Condition

A state in which a circuit, device, or system is not activated or is in a power-down mode.

Instruction B

Specific directive or operation code within a computer program or system.