Employers May Choose to Fund Retirement Plans for Employees

question 45

Essay

Employers may choose to fund retirement plans for employees.These plans fall into two categories.Identify these categories.

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Definitions:

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity (such as producing a specific good) more efficiently than another activity.

Tractors

Heavy-duty vehicles designed primarily for farming tasks, including plowing, tilling, and planting fields.

Motorcycles

Two-wheeled vehicles powered by an engine, offering a form of transportation or recreation for riders.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than others.