The Benefit from a Good or Service That You Purchase

question 247

Multiple Choice

The benefit from a good or service that you purchase is measured by

• A) the dollar amount that is paid for the good or service.
• B) the dollar amount you can get by selling the good or service.
• C) what you are willing to give up to obtain the good or service.
• D) how strong the incentives were that lead to buying the good or service.
• E) None of the above answers is correct because there is no way to measure the benefit you receive from purchasing a good or service.

Acknowledge the necessity of health insurance planning for retirement.

Understand the requirements and benefits of Social Security.

Learn the significance of continual planning and evaluation for retirement.

Recognize the role of employer-based retirement plans.