In most companies, an employee must work for a number of years before qualifying for pension benefits. This process is referred to as:
A. mandatory benefit pending.
B. vesting.
C. regulated contribution period.
D. a defined-benefit period.
Answer: B
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Nonactivists believe that ________
A) there is a very rapid self-correcting mechanism since prices and wages are very flexible B) lags to policy implementation are so long that even the "correct" policies may lead to undesirable consequences C) policy interventions should take place less frequently than what Keynesians advocate D) all of the above E) none of the above
If the poorest 80 percent of the population receives 75 percent of the income, then the
a. richest quintile receives 20 percent of the income b. Lorenz curve lies on the diagonal c. richest quintile receives 25 percent of the income d. poorest quintile receives 25 percent of income e. poorest quintile receives 75 percent of the income
The production possibilities curve illustrates which two of the following essential principles?
A. Economic growth and market failure. B. Factors of production and price signals. C. Market mechanisms and laissez faire. D. Scarce resources and opportunity cost.
Omega has a real GDP per capita of $5,000. If it has a constant 6% rate of growth, how many years will it take before Omega has a real GDP per capita of $40,000?
A. 8 B. 12 C. 36 D. 72