Debt contracts (also called instruments) issued by government and corporations are known as:

A retirement system in which the benefits government pays to retirees are paid out of the contributions those retirees make during their working years is called a

A) pay-as-you-go system. B) fully funded system. C) pension plan. D) deferred retirement system.

Suppose the market clearing rent is $500 per month, but a rent control is established at $400 per month. Which is most likely to emerge?

A) The demand for apartments would increase. B) The supply of apartments would increase. C) The scarcity of apartments would decrease. D) The quantity of apartments demanded would exceed quantity supplied.