Defined-Contribution Plans Provide Participants with a Targeted Retirement Benefit, Typically

question 45

True/False

Defined-contribution plans provide participants with a targeted retirement benefit, typically in the form of a monthly pension.

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Definitions:

Prices

The amount of money required to purchase a good or service, often determined by supply and demand dynamics.

Consumer Sovereignty

The determination by consumers of the types and quantities of goods and services that will be produced with the scarce resources of the economy; consumers’ direction of production through their dollar votes.

Legislation

Laws or legal statutes passed by a legislative body, governing body, or the process of enacting laws.

Market System

An economic system in which decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.