If you overheard a worker say that she has moved up the ladder as far as she can with her current employer and she is going to take the job because they will continue making payments into her 401K, you can be pretty sure she is
A. being exempted from Social Security.
B. on a defined contribution program.
C. on a defined benefit pension program.
D. trapped in a Ponzi scheme.
Answer: B
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Which of the following statements correctly defines demand?
a. peoples' willingness to supply goods at specific prices b. the willingness and ability of people to buy goods and services at different prices c. people's expectations of lower prices of goods and services d. producer's expectations of selling more goods e. the interaction of people's willingness to buy and sell goods
Tom, Mary, and Jill have apartments in the same building. Installing a security system for their building would cost $750 . Tom is willing to pay $100 for the security system, Mary is willing to pay $300, and Jill is willing to pay $300 . They meet to vote on whether to pay $250 each. The system will be installed if at least two of them vote for it. After the meeting, the security system will
_____, and this illustrates _____. a. be installed; the free rider problem b. not be installed; the free rider problem c. be installed; a negative externality d. not be installed; a negative externality