According to the Application, Singapore requires workers who are under 50 years of age to save ________ percent of their earnings, with employers contributing another ________ percent
A) 50; 30 B) 20; 15.5 C) 10; 10 D) 40; 20
B
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The use of collateral
A) allows banks to charge higher interest rates on loans. B) makes it more costly for borrowers to take advantage of their asymmetric information. C) makes it more costly for lenders to take advantage of their asymmetric information. D) has important tax implications for both borrowers and lenders.
Which of the following correctly orders U.S. income measures from largest to smallest?
a. disposable personal income, gross national product, national income, net national product, personal income b. personal income, net national product, national income, gross national product, disposable personal income c. gross national product, net national product, national income, personal income, disposable personal income d. disposable personal income, personal income, national income, net national product, gross national product
As it applies to insurance, the moral hazard problem is the tendency for:
A. those most likely to collect on insurance to buy it. B. those who buy insurance to take less precaution in avoiding the insured risk. C. sellers to price discriminate. D. sellers to restrict output and charge high prices.
Of the dozen of studies that study the effect on wages, most of the studies show that immigration decreases the wages of:
A. native workers with low levels of education. B. native PhD holders. C. foreign PhD holders in the U.S. D. college students.