Which of the Following Statements Is True Regarding an Agent

question 18

Multiple Choice

Which of the following statements is true regarding an agent multi-employer pension plan?

• A)the annual required pension contributions are unique to each participating employer
• B)the annual required pension contributions are uniform for each participating employer
• C)a participating government legally must make the required annual contribution in full each year
• D)a participating government must account for its pension contributions using a pension trust fund

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Definitions:

Inferior Good

A type of good for which demand decreases as the income of the consumers increases, opposed to a normal good where demand increases with rising income.

Frozen Pizzas

Pre-made pizzas that are sold frozen to consumers, who then bake or heat them at home. They are a convenient, quick meal option that varies in quality and ingredients.

Substitutes

Goods or services that can be used in place of each other, where the increase in the price of one leads to an increase in the demand for another.

Bagels

A type of bread product originating from the Jewish communities of Poland, known for its dense, chewy texture and a doughnut-like shape.