Until the 1980s most private pension plans were "defined __________" plans under which the periodic employer payment into the plan was __________
A) benefit; variable
B) benefit; preset
C) contribution; variable
D) contribution; preset
A
You might also like to view...
Among the subjects covered in macroeconomics are the
A) unemployment rate for the entire labor force, and the causes of the increase in the overall price level. B) causes of the increase in the price of oil relative to other commodities. C) effects of low wages on the laborers' moral. D) causes of the change in the individual firms' profits.
Find the Marginal Rate of Technical Substitution for the following production functions:
a. q = L0.5 K0.5 b. q = L0.5 + K0.5 c. q = min{K,L} d. q = L + K
A Californian student consumes Internet services (I) and books (B)
Her preferences are represented by a Cobb-Douglas utility function of the type: U(I,B) = I.5B.5. Initially Y = 100, PI = PB = 1. Lately, however, because of the electricity shortage, the price of the Internet services has increased to 2. The government has decided to give a transfer to the student so that she can recover her initial welfare. In order to determine the transfer the government has hired three consultants who have made the following suggestions: Consultant A: The transfer should allow the student to buy her initial bundle. Consultant B: The transfer should allow the student to get her initial level of utility. Consultant C: The government should give her a transfer of 20. a. Using the expenditure function, find the amount of the transfer implied by consultant A. b. Find the amount of the transfer implied by consultant B. c. Determine whether the consumer is better or worse off from Consultant C's suggestion than before the price increases.
The marginal rate of substitution ____ as one moves downward along the indifference curve
a. increase b. remains constant c. decreases d. increases and then decreases