Private employees (more frequently than public employees) tend to have their private retirements in
A. Ponzi schemes.
B. defined contribution programs.
C. defined benefit pension programs.
D. Social Security.
Answer: B
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A time series is
A) the length of a business cycle. B) a macroeconomic aggregate that does not lead or lag the business cycle. C) data that is subject to revision. D) a sequence of dated measurements.
Which is least accurate about foreign trade?
a. In the early 1900s, the most industrialized nations exported foodstuffs and raw materials to the least developed countries. b. After the Civil War, rapid improvements in communications, like the first successful transatlantic cable, lowered the price of trade. c. After the Civil War, rapid improvements in transportation, like the opening of the Suez Canal and developments of railroads, reduced the price of shipping. d. In the late 1800s and early 1900s the network of international trade assumed many of its modern characteristics.