A price ceiling:
a. keeps the price from falling below a certain level.
b. is always higher than the equilibrium price

Suppose a new employee is promised a pension payment of $8000 in the twenty-fourth year after joining the firm. The current pension contribution is $1200 a year. Assuming a six percent rate of return, their pension plan is said to be

A) fully funded. B) partly funded. C) unfunded. D) fully vested.

A decrease in labor productivity and the real wage could be caused by

A) a decrease in demand for labor or an increase in the supply of labor. B) a decrease in the demand for labor or a decrease in the supply of labor. C) an increase in the demand for or supply of labor. D) an increase in the demand for labor or a decrease in the supply of labor.