If a pension fund has sufficient contributions and earnings to pay benefits, it is said to be
A) underfunded.
B) at par.
C) fully funded.
D) over par.
C
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Which statement is true?
A. On the production possibilities frontier, 85 percent of capital is employed. B. If we moved closer to the origin and further away from the production possibilities frontier, unemployment would increase. C. To have economic growth, we must push the production possibilities frontier outward. D. All of the statements are true.
Refer to Figure 15-2. If the firm's average total cost curve is ATC1, the firm will
A) suffer a loss. B) break even. C) make a profit. D) face competition.
When the U.S. government provides military aid to other governments, this enters into the U.S. balance of payments account as
a. merchandise exports b. merchandise imports c. income payments on investments d. unilateral transfers e. change in U.S. assets abroad
The long-run labour demand curve is relatively flatter than the short-run labour demand curve because, in the short run
A) the wage rate is fixed. B) the firm cannot vary the amount of capital used. C) the firm is a price taker. D) All of the above