Of the Following Benefits,which One Is Considered a Mandatory Benefit

question 17

Multiple Choice

Of the following benefits,which one is considered a mandatory benefit?

• A) Retirement plans
• B) Family leave
• C) Flexible benefits
• D) Unemployment insurance

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Definitions:

Deadweight Loss

The loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is not achievable.

Marginal Cost

The boost in comprehensive expenditure that comes from the generation of one more unit of a product or service.

Socially Efficient

A situation in which an allocation of resources maximizes total social welfare, taking into account both the benefits and costs to society as a whole.

Marginal Costs

The increase in cost due to the production of an extra unit of a product or service.