The age-earning cycle shows declining income as a person approaches retirement age because
A. companies add-in Social Security payments as a supplement.
B. companies choose to promote these workers faster.
C. worker and hours worked diminish.
D. worker productivity is increasing rapidly.
Answer: C
You might also like to view...
A decrease in the money supply:
a. raises the interest rate, causing an increase in investment and an increase in GDP. b. lowers the interest rate, causing an increase in investment and an increase in GDP. c. raises the interest rate, causing a decrease in investment and a decrease in GDP. d. lowers the interest rate, causing a decrease in investment and an increase in GDP. e. lowers the interest rate, causing a decrease in investment and a decrease in GDP.
The world output is higher if the countries follow restrictive trade policies rather than free trade
a. True b. False Indicate whether the statement is true or false
The Keynesian equilibrium is defined to be when:
A. planned investment is equal to domestic consumption. B. planned inventories equal to actual inventories, which leads to national net income equal to planned aggregate expenditure. C. planned inventories equal to actual inventories, which leads to national income equal to planned aggregate expenditure. D. planned spending is equal to expected spending from households.
If an individual's utility from consuming two goods increases, then there must be
A) a downward rotation of the individual's indifference curve. B) an inward rotation of the individual's indifference curve. C) an outward shift of the individual's indifference curve. D) in inward shift of the individual's indifference curve.