Which of the following explains why private employers (more frequently than public employers) have tended to shift away from defined benefit programs?
A. Their employees have begun to reduce the amount they shift from one employer to the next.
B. Their employees have more frequently fallen victim to Ponzi schemes.
C. Their employees have begun to increase the amount they shift from one employer to the next.
D. People have begun to create well-funded private savings plans.
Answer: C
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Higher relative wages for labor tends to
A) increase the supply of labor. B) decrease the demand for labor. C) encourage firms to find substitutes, such as automation. D) accomplish all of the above.
A business incurs the following costs per unit: Labor - $125/unit; Materials $45/unit and rent - $250,000/month. If the firm produces 1,000,00 . units a month, the total variable costs equal
a. $125Million b. $45Million c. $1Million d. $170Million
The required Reserve ration is 25% an additional 5,000 of reserves can increase the money supply by?
A. 1,250 B. 125,000 C. 25,000 D. 20,000 E. 5,000
Under bilateral? monopoly, the wage rate is
A. indeterminate. B. higher than the competitive wage rate. C. equal to the competitive wage rate. D. lower than the competitive wage rate.