In a defined contribution pension plan,
A) pension income varies depending on how well the plan's investments have done.
B) the employee is promised an assigned benefit based on earnings and years of service.
C) if the funds in the pension plan exceed the amount promised, the excess accrues to the issuing firm or institution.
D) all earnings are taxable as regular income.
A
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The problem typically during a recession is not that there is too little money, but too little spending. If the problem was too little money, what would be its cause? If the problem was too little spending, what could be its cause?
What will be an ideal response?
What is the opportunity cost of leisure?
a. the relaxation a person gets b. the income given up by not working c. the vacation time taken d. the chance to socialize with friends and family
Price floors are used as a method to:
A. ensure buyers that goods won't be cheaper tomorrow. B. see that production levels don't fall too low. C. guarantee there will be enough food for everyone. D. ensure sellers a minimum price for their goods.
The decision about the forms in which to hold one's wealth is called the ________ decision.
A. life-cycle B. Fisher effect C. Taylor D. portfolio allocation