The degree to which state defined benefit pensions are underfunded (in present value terms) is
A. $0.
B. $12 billion.
C. $12 trillion.
D. $3 trillion.
Answer: D
You might also like to view...
The Federal Reserve entity that makes decisions regarding the conduct of open market operations is the
A) Board of Governors. B) chairman of the Board of Governors. C) Federal Open Market Committee. D) Open Market Advisory Council
Research demonstrates that elections can be swayed by factors other than the rational policy considerations of well-informed voters, such as:
A. handshaking. B. mudslinging. C. eating food at a county fair. D. All of these can sway a vote.
Oligopolistic firms
A. are few in number. B. are interdependent. C. charge a higher price and produce a smaller output than perfect competitors. D. all of the choices are true of oligopolistic firms.
Marginal revenue
A. cannot be used to determine the profit-maximizing rate of production. B. is a change in revenue that is immeasurable and non-quantifiable. C. cannot be effectively utilized when analyzing the perfect competitor. D. is the change in total revenues resulting from a change in output.