The age-earning cycle shows declining income as a person approaches retirement age because
A) worker productivity is increasing rapidly.
B) worker and hours worked diminish.
C) companies choose to promote these workers faster.
D) companies add-in Social Security payments as a supplement.
B
You might also like to view...
The law of diminishing returns applies to
A) the short run only. B) the long run only. C) both the short and the long run. D) neither the short nor the long run. E) all inputs, with no reference to the time period.
Which of the following protects people from incompetent or unscrupulous producers?
A) the Federal Register B) social regulation C) the market share test D) economic regulation
When a country suffers from capital flight, the demand for loanable funds in that country shifts
a. right, which increases interest rates in that country. b. right, which decreases interest rates in that country. c. left, which increases interest rates in that country. d. left, which decreases interest rates in that country.
Shocks and Integration) The graph shows hypothetical OCA economic criteria for several South American countries. Using the graph, which of the following best satisfy the OCA criteria for forming a monetary union?
A) Peru and Colombia B) Peru and Uruguay C) Venezuela and Uruguay D) Colombia and Venezuela