Vesting can make job changes costly because:
A. you can only become fully vested in one company's pension.
B. vested employees earn higher returns on their funds.
C. once you leave one job fully vested the only other pension you can be eligible for is Social Security.
D. you may not be able to take your entire pension benefit from your previous job with you.
Answer: D
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Along a perfectly vertical demand curve, the price elasticity of demand
A) equals 0. B) is greater than 0 but less than 1.0. C) equals 1.0. D) is negative.
The health care system in ________ is referred to as a single-payer health care system, and is a system in which the government provides national health insurance to all residents
A) Canada B) Japan C) the United Kingdom D) the United States
The buyer of a put option on Boeing with a strike price of $75 and an expiration date in November 2003 has the
A) right to buy 100 shares of Boeing at $75 on or before November 1999. B) right to sell 100 shares of Boeing at $75 on or before November 1999. C) right to buy 100 shares of Boeing at $75 on or after November 1999. D) right to sell 100 shares of Boeing at $75 on or after November 1999.
Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher