In terms of yields on savings, which of the following is the highest performer?
A. Defined benefit pension programs
B. Ponzi schemes
C. Social Security
D. Defined contribution programs
Answer: A
You might also like to view...
"The plan to create private accounts in Social Security will reduce benefits for some workers," is an example of a ________ statement, while "Social Security will be better if the private accounts are allowed" is an example of a ________ statement.
A. structural policy; fiscal policy B. normative; positive C. positive; normative D. monetary policy; fiscal policy
Consumers with higher wages have ________ opportunity costs than consumers with low wages, which means that managers should place stores ________ in areas that are frequented by high-income consumers.
A) lower; farther apart B) lower; closer together C) greater; closer together D) greater; farther apart
Economic theory predicted that the price of a depletable resource would rise by 10 percent. In reality, the price fell by 5 percent. Which of the following events could explain this discrepancy?
A. Known reserves of the resource were depleted. B. The interest rate rose by 15 percent. C. Antitrust enforcement broke up a cartel among major suppliers of the resource. D. The government imposed an effective price floor.
Four automobile manufacturers account for 92 percent of total sales in their industry. They experience large economies of scale and favor tariffs on imported automobiles. What additional information is needed to classify this industry as a collusive oligopoly?
a. the market share for each firm in the oligopoly b. the existence of a cartel agreement between them c. evidence that they have zero long-run economic profits d. a high Herfindahl-Hirshman Index for their industry