A defined-benefit pension
A) determines benefits by contributions and their earnings.
B) fixes benefits in advance.
C) links benefits to investment performance.
D) fixes benefits paid out for a limited number of years.
B
Economics
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Comment on the following statement: "Diminishing marginal utility means that total utility falls when an additional unit of a good is consumed."
What will be an ideal response?
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Which of the following is least likely to enhance central bank credibility?
A) "town meetings" on the topic of monetary policy B) policy makers' expertise C) independence from short-run political influences D) accurate measurement of macroeconomic variables
Economics