A fully funded pension liability is one in which
A) the Pension Benefit Guaranty Corporation insures full benefit payments.
B) enough money has been set aside to ensure that the promised pension can be paid out after allowing for interest payments.
C) the yield on the pension fund is equal to the inflation rate.
D) corporation pension contributions are equal to employee contributions.
B
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Which of the following ideas were central to the conclusions drawn by Thomas Malthus in his 1798 "Essay on the Principle of Population"?
A) Short-run time period B) Shortage of labor C) Law of diminishing resource availability D) Law of diminishing returns
To be a member of the Internal Monetary Fund a nation must deposit funds based on
A. the need to loan money to developing nations. B. its national income. C. rules set up by the World Bank. D. the amount of funds it wants to deposit.
Suppose the marginal product of labor is MPN = 200 - 0.5Nwhere N is aggregate employment. The aggregate quantity of labor supplied is 300 + 8w, where w is the real wage. What is the equilibrium quantity of employment?
A. 760 B. 190 C. 380 D. 12
To join the EMU, a country should have no more than
A) 1.5 percent inflation rate above the average of the three EU member states with the highest inflation. B) 3 percent inflation rate above the average of the three EU member states with the lowest inflation. C) 4 percent inflation rate above the average of the three EU member states with the lowest inflation. D) 1.5 percent inflation rate above the average of the three EU member states with the lowest inflation. E) 2 percent inflation rate above the average of the three EU member states with the lowest inflation.