Studies Show That

question 215

Multiple Choice

Studies show that

• A) it is impossible to estimate the benefits of trade barriers.
• B) costs and benefits of trade barriers are about equal.
• C) benefits of trade barriers exceed their costs in developing nations.
• D) costs of trade barriers exceed their benefits, creating an efficiency loss for society.

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Definitions:

Workers' Compensation

State programs that provide benefits to workers who suffer work-related injuries or illnesses, or to their survivors.

Employee Retirement Income Security Act

A federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide protection for individuals in these plans.

ERISA

The Employee Retirement Income Security Act (ERISA) is a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide protection for individuals in these plans.

Vested

A term used to describe the point at which an employee has earned the right to keep all their benefits, often from retirement plans, regardless of their employment status with the company.