Social Security is based on the concept of
a. private insurance supported by public money
b. private insurance supported by private money
c. specific retirement packages for each industry
d. accumulation of your own funds that will be returned to you, with interest, upon retirement
e. pay-as-you go
E
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Everything else held constant, if a central bank makes a sterilized purchase of foreign assets, then the domestic currency will
A) appreciate. B) depreciate. C) either appreciate, depreciate, or remain constant. D) not be affected.
Suppose an industry is composed of 10 firms. Each firm's share of total sales in the industry is 10 percent. If two of the firms merge, then the four-firm concentration ratio in the industry will
A) remain unchanged. B) decrease as there are fewer firms in the industry. C) increase. D) depend on the market condition faced by the industry.
Vehicle manufacturers start getting lower prices for their trucks. As a result, their willingness to supply ______ is likely to increase.
a. airplanes b. SUVs c. cell phones d. refrigerators
When two firms in an industry become one firm, they are engaged in:
A. a trust agreement. B. a merger. C. predatory pricing. D. None of these.