Match the Definition of the Names or Items on the Left

question 8

Multiple Choice

Match the definition of the names or items on the left to the definition on the right. Each definition can be used only once.
-I-9 form

• A) Employee’s withholding allowance certificate
• B) Wage and Tax Statement provided annually before January 31
• C) Money withheld from paycheck and paid to the federal government
• D) Employment Eligibility Form
• E) Money withheld from paycheck and paid to the state
• F) 1.45% of employee wages matched by an additional 1.45% paid by the employer
• G) Federal unemployment tax paid by the employer
• H) Social Security tax to fund the U.S. retirement program
• I) Amount of pay before deductions
• J) Wages based on number of hours worked times hourly rate
• K) Wages paid as fixed amount of money that does not depend on the number of hours worked

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Definitions:

International Trade

The exchange of goods, services, and capital between countries and territories, often driven by comparative advantages and specialization.

Comparative Advantage

A principle in international trade that suggests a country or entity should produce and export goods and services for which it has a lower opportunity cost compared to other countries or entities.

Autarky Price

The price of a good or service in a closed economy with no international trade, set by the balance of domestic supply and demand.

World Price

The international market price of a good or service, influenced by global supply and demand conditions.