Which of the Following Is True

question 37

Multiple Choice

Which of the following is true?

• A) The regressive nature of the Social Security benefit formula works to the disadvantage of blacks and other groups with below-average earnings.
• B) Social Security works to the disadvantage of blacks and other groups with below-average life expectancy.
• C) Blacks derive a higher rate of return from their Social Security taxes than whites.
• D) Hispanics derive a lower rate of return from their Social Security taxes than both whites and blacks.

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Definitions:

ATC

Average Total Cost is determined by dividing the overall cost by the output quantity produced.

MC

Short for Marginal Costs, representing the additional cost incurred in producing one additional unit of a good or service.

AVC

Average Variable Cost, which is the total variable costs of production divided by the quantity of output produced.

ATC

Average Total Cost, which is the total cost of production divided by the quantity of output produced, a key concept in microeconomic analysis.