Because women have a longer average life span than men, they are paid
A) higher monthly retirement benefits by a defined benefit pension plan.
B) lower monthly retirement benefits by a defined benefit pension plan.
C) the same monthly retirement benefits by a defined benefit pension plan.
D) the amount of monthly benefits paid to men and women by a defined benefit plan is determined by each company.
D
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In the table above, if there are 80 umbrellas produced, the deadweight loss from the 80th umbrella is
A) $10. B) $20. C) $30. D) $40.
An example of a variable cost to the firm is the
a. monthly rent it pays based on a multiple-year lease b. cost of shipping the goods it produces c. property taxes it pays d. interest payments on a bank loan e. entrepreneur's opportunity cost
If income decreases and prices are unchanged, the consumer's budget constraint
a. remains the same. b. shifts outward. c. shifts inward. d. rotates outward along the horizontal axis.
If the government reduces transfer payments, what happens to the budget deficit? What curve does this change in the market for loanable funds, which direction does it shift, and what happens to the equilibrium interest rate?