The Category "Compensation of Employees" Doesn't Capture the Full Income

question 19

Multiple Choice

The category "compensation of employees" doesn't capture the full income of labour because:

• A) it doesn't include the earnings of proprietors.
• B) it doesn't include benefits such as health insurance.
• C) a sizable fraction of it can be attributed to the return on human capital.
• D) it excludes payments in kind that are common in rural areas.

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Definitions:

Global Market

An international economic environment in which goods, services, currencies, and information move across national borders.

Global Supply Chains

Networks that span across international borders designed to source, produce, and deliver goods or services around the world.

U.S. Ports

Key gateways for domestic and international trade, involving the management of goods entering or leaving the United States via sea, air, or land.

Customs Trade Partnership Against Terrorism (C-TPAT)

A voluntary supply chain security program led by U.S. Customs and Border Protection, focused on improving the security of private companies' supply chains with respect to terrorism.