Workers covered by defined contribution pension plans retire at later ages than workers covered by defined benefit plans
Indicate whether the statement is true or false
T Eighty percent of workers under defined benefit plans retire by age 65, but only 60 percent of workers under defined contribution plans do.
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The Federal Reserve often begins to tighten monetary policy after a trough in the business cycle because of
A) the impact lag. B) the recognition lag. C) bureaucratic indecision. D) the time necessary to get Congress to act.
One difference between arbitrageurs and speculators is that
a. arbitrageurs buy and sell foreign exchange; speculators do not b. speculators only buy foreign exchange but do not sell it c. arbitrageurs take more risks than do speculators d. speculators take more risks than do arbitrageurs e. arbitrageurs buy foreign exchange in the hope that its value will increase
The incomes of corporate managers are included in the category of corporate income in national income accounting
Indicate whether the statement is true or false
Jackson's Auto Body calculates that its total fixed costs are $3,000 per month. In a month in which the company repairs 20 cars, it finds that its total costs are $12,000 . From this, we can conclude
a. total monthly cost is $15,000 b. marginal cost is $600 c. average fixed cost is $60 d. average variable cost is $450 e. the costs are too high so the company should shut down