The Two Types of Retirement Plans Are

question 103

Multiple Choice

The two types of retirement plans are

• A)traditional pensions with "defined benefits" and "defined contribution" plans.
• B)Social security and pension.
• C)savings accounts and IRAs.
• D)Medicaid and Medicare.

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Definitions:

Environmental Economics

A subfield of economics dealing with the relationship between the economy and the environment, focusing on environmental policies and economic consequences.

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be positive or negative.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone and one person's use does not reduce availability to others, such as clean air.

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both private costs and any external costs.