What type of system puts the greatest risk of market fluctuations on retired employees?
A. The Social Security system
B. A defined contribution plan
C. A defined benefit plan
D. The risk of market fluctuations is the same for all retirement plans.
Answer: B
You might also like to view...
What branch of economics involves the collection and use of data to test economic theories? Why is this task often more difficult in economics than it is in physical sciences?
What will be an ideal response?
The fee simple form of land ownership in the United States was of English origin
Indicate whether the statement is true or false
In a perfectly competitive market a firm's rental rate for a machine (v) will be given by: v = P(r + d) where r is the prevailing rate of interest and d is the depreciation rate. In this formula P represents a. the present market price of the machine
b. the initial purchase price of the machine (assuming this differs from its present market price. c. the price of the firm's product. d. the depreciated value of the machine.
If labor productivity increases
A. the demand for labor increases. B. jobs will relocate. C. some workers will be laid off. D. labor costs rise by equal increments.