Retirement benefits are less like __________, and more like _____________
A. social insurance programs; social savings programs.
B. private insurance; collective savings program.
C. savings programs; private insurance.
D. None of these is true.
B. private insurance; collective savings program.
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The view that the choices consumers face should be limited for their own good is known as ________
A) Keynesian theory B) institutionalist theory C) rational adaptations D) libertarian paternalism
One reason De Beers has lost some of its monopoly power is:
A. antitrust laws B. competition from Canadian and Russian diamond mines. C. pressure from consumers. D. All of these statements are true.
In the circular-flow diagram, the two types of markets in which households and firms interact are the markets for goods and services and the markets for factors of production
a. True b. False Indicate whether the statement is true or false
A 2013 article in the Financial Times predicted that the post-2008 Eurozone debt crisis:
A) is over and the benefits from the ordeal are valuable lessons about fiscal responsibility. B) is capable of solution but far from over. The article blames the private financial sector and denies that fiscal irresponsibility is the sole cause. C) is a bellwether of the decline and eventual collapse of the euro. D) teaches us that fiscal restraint is much more important than economic performance or unemployment issues.