In Economics,cost Is Measured as ________,And Benefit Is Measured as ________

question 256

Multiple Choice

In economics,cost is measured as ________,and benefit is measured as ________.

• A)what you must give up to get something;what you are willing to give up to get it
• B)what you are willing to give up to get it;what you must give up to get something
• C)what you are willing to pay on the margin;what the government pays you when you are unemployed or retired
• D)the amount of money that you pay on the margin;the amount of money that you receive on the margin
• E)the amount of money that you pay for something;the amount of money that someone else is willing to pay you

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Definitions:

Defined Contribution

A type of retirement plan where the amount invested is defined, but the future benefits are not guaranteed and depend on investment performance.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB).

Discount Rate

The rate of interest applied in discounted cash flow analysis to calculate the present value of forthcoming cash flows.

Defined Contribution Plan

A retirement plan where the employer, employee, or both make contributions on a regular basis, with final benefits dependent on investment performance.