Which of the following explains why public employees (more frequently than private employees) tend be in defined benefit programs?
A. They tend to begin and end their career with the same employer.
B. They tend to fall for Ponzi schemes.
C. They tend to move from employer to employer.
D. They have well-funded private savings plans.
Answer: A
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The government has a budget surplus if
A) there is no national debt. B) tax revenue is greater than outlays. C) government outlays are greater than tax revenue. D) the budget is balanced. E) a fiscal stimulus is being used to combat a recession.
Suppose there are 81.0 million people not in the labor force, 154.0 million in the civilian labor force, and 140.9 million employed. Based on these numbers, how many people are counted as unemployed?
A. 59.9 million B. 73.0 million C. 81.0 million D. 13.1 million
If a natural disaster were to cause a negative long-run supply shock to the economy, once the economy adjusts, the new equilibrium will be at a:
A. higher price level and lower level of output. B. lower price level and lower level of output. C. higher price level and higher level of output. D. lower price level and higher level of output.
Economies of scale and Increasing Returns to Scale are the same thing looked at from either the production or cost perspective
Indicate whether the statement is true or false