Globalization Is Thought to Shift Power Away from _________ to _____________

question 4

Multiple Choice

Globalization is thought to shift power away from _________ to _____________.

• A) national governments; regional authorities
• B) regional authorities; national governments
• C) international bodies; national governments
• D) national governments; international bodies

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Definitions:

Ceilings For Earnings

Limits set on the amount of income that can be considered for certain calculations, such as social security or pension benefits.

Defined Contribution

A type of retirement plan where the employer, employee, or both make contributions on a regular basis, but the final benefits received depend on the investment's performance.

Defined Benefit

A type of pension plan where the benefits that an employee will receive upon retirement are predefined based on factors like salary and tenure.

Pension Plan

A retirement plan that requires an employer to make contributions into a pool of funds set aside for an employee's future benefit.