A defined benefit plan provides retirees income that varies with the market interest rate but continues for a defined number of years.
Answer the following statement true (T) or false (F)
False
A defined benefit plan provides retirees a predetermined amount of money monthly.
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In the U.S. a television costs $400 . In South Africa the same television costs 3000 rand (the currency of South Africa). The nominal exchange rate is 8 rand per dollar. A. Find the real exchange rate. Show your work. B. In terms of dollars where is the television cheapest?
Which would most likely cause a rightward shift in the demand curve for the New York Times newspaper?
a. An increase in the price of the New York Daily News b. A decrease in the size of the population in the New York area c. A decrease in the costs of printing d. An improvement in cable television in the New York area
A country's nominal exchange rate, e, is defined as the number of units of:
A. the foreign currency that one unit of the domestic currency will buy. B. foreign goods relative to the number of units of domestic goods. C. the domestic currency that one unit of the foreign currency will buy. D. domestic goods relative to the number of units of foreign goods.
George Davis and Michael Wohlgenant estimate that for every 1 percent increase in the price of Christmas trees, quantity demanded falls by 0.6 percent. The demand for Christmas trees is:
A. unit elastic. B. inelastic. C. perfectly inelastic. D. elastic.