Public employees (more frequently than private employees) tend to have their retirements in
A. defined contribution programs.
B. Ponzi schemes.
C. defined benefit pension programs.
D. private savings plans.
Answer: C
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When the discount rates fall, the cost:
a. of loans to bankers' best customers goes down. b. of loans between banks falls. c. of international loans falls. d. to banks of borrowing from the Fed falls. e. to savings and loans of borrowing money from the public falls.
Which of the following countries averaged GDP growth (after adjusting for inflation) of at least 5% per year both from 1990 to 2000 and from 2000 to 2008, and therefore, can be grouped into the fast-growth category?
a. Cambodia b. Canada c. Japan d. Jamaica
As market price increases in the short run, a profit-maximizing firm in a perfectly competitive market will expand output along its:
A. marginal cost curve. B. average total cost curve. C. average variable cost curve. D. market demand curve.
Assume that you observe the long-run average cost curve of ACME Bookstores, a national chain. Starting from the point on the curve where output is zero and moving to the right, which of the following lists the behavior of long-run average costs in the
correct sequence (that is, which will be observed first, second, etc.)? A) minimum efficient scale; economies of scale; constant returns to scale; diseconomies of scale B) economies of scale; constant returns to scale; diseconomies of scale; minimum efficient scale C) constant returns to scale; economies of scale; minimum efficient scale; diseconomies of scale D) economies of scale; minimum efficient scale; constant returns to scale; diseconomies of scale