财政学英文测试题：TBChap011.docxVIP

Chapter 11 Social Security ? Multiple Choice Questions? 1. A pay-as-you-go system means?? A.? you pay for your dinner as you go to the table to eat. B.? current working citizens pay for current retired citizens. C.? there is no need for taxes since current workers pay for current retirees. D.? retirees are paid from accounts that have accumulated with interest over their working lives. ? 2. Asymmetric information generally implies?? A.? information between parties is not equal. B.? all parties are fully informed. C.? information is costless. D.? information is too costly to transmit. ?