Which of the following is a recent trend observed in retirement plans in the United States?
A. More employer retirement plans are beginning to switch from defined contribution plans to defined benefit plans.
B. Participation in retirement plans is declining as workers begin to rely more on Social Security.
C. Many companies have been switching from defined benefit plans to defined contribution plans.
D. More Americans are opting out of Social Security because of the low rates of return compared to private alternatives.
Answer: C
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GDP accounts systematically ignore
A) non-market production. B) illegal and underground production. C) barter trades. D) the market value of services provided by illegal aliens. E) all of the above.
A central bank that is buying its own currency might be trying to ________
A) weaken its currency B) increase the domestic money supply C) reduce domestic interest rates D) reduce inflation
Consider the market for new DVDs. If DVD players became cheaper, buyers expected DVD prices to fall next year, used DVDs became more expensive, and DVD production technology improved, then the equilibrium price of a new DVD would
a. rise. b. fall. c. stay the same. d. could rise, fall, or remain unchanged.
Comparisons of per capita gross domestic product across countries provide a very good measure of how similar living standards are across countries.
Answer the following statement true (T) or false (F)