The age-earning cycle shows declining income as a person approaches retirement age because
A) worker productivity is increasing rapidly.
B) worker and hours worked diminish.
C) companies choose to promote these workers faster.
D) companies add-in Social Security payments as a supplement.
Answer: B
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Suppose, while cleaning out its closets, a worker at the Federal Reserve bank branch in Memphis discovers a painting of Elvis (medium: acrylic on velvet) that used to grace the walls of the conference room
Suppose further that, at a public auction, the bank sells the painting for $19.95. This sale will cause ________ in the monetary base, everything else held constant. A) an increase of $19.95 B) an increase of more than $19.95 C) a decrease of $19.95 D) a decrease of more than $19.95
If View Your World, a high-end window manufacturer, sells its glass door division, this is an example of ________.
A) divestiture B) backward integration C) outsourcing D) forward integration
A tax that is higher for men than for women violates the criterion of
a. horizontal equity. b. vertical equity. c. the ability-to-pay principle. d. the marriage tax.
The U.S. government is offering a decrease in taxes to citizens who install solar panels on their homes. Using economic terms, how would you describe this incentive?
A. Financial and positive B. Non-financial and positive C. Non-financial and negative D. Financial and perverse