Contributors to an Expanded Global Trade in Recent Years Have

question 3

Multiple Choice

Contributors to an expanded global trade in recent years have included all of the following EXCEPT

• A) greater ease of communication with the Internet and other technology.
• B) lower costs of shipping with the use of shipping containers and larger ships.
• C) a reduction in tariffs, quotas, and other legal barriers to trade.
• D) a decline in the differences in comparative advantages across nations.

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Definitions:

Defined Benefit Pension Plan

A retirement plan where employee benefits are calculated using a formula that considers several factors, such as length of employment and salary history, with the employer bearing the investment risk.

Projected Benefit Obligation

An actuarial estimation of the present value of all the benefits earned by employees, taking into account expected future salary increases.

Pension Plan Assets

Funds and investments held by a pension fund to meet future obligations to retirees.

Prepaid Pension Costs

Expenses paid in advance for pension benefits, typically recorded as an asset on the balance sheet.