Which of the Following Is Not a Benefit Administration Issue

question 37

Multiple Choice

Which of the following is not a benefit administration issue?

• A) Benefit adequacy
• B) Benefit financing
• C) Degree of choice among benefits
• D) Legal defensibility of benefits

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Definitions:

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors, which enhances efficiency in international trade.

Production Possibilities

A curve or frontier representing the maximum combination of goods and services that can be produced efficiently with available resources and technology.

Specialize

To focus on a particular area of expertise or production, often to increase efficiency or performance in that area.

Comparative Advantage

The principle that holds a party can produce some goods at a lower relative cost than another, promoting beneficial trade.