Which of the following is true about health and pension costs?
A) They are largely determined by the control of the bargainers.
B) They are not related to the age of the workers.
C) They are not determined by the prices of financial services.
D) They are related to the prices of medical services.

Question

Quizplus · Accepted Answer

Health and pension costs are related to the prices of medical services. The cost of providing health benefits to employees is largely based on the prices of medical services, including the cost of prescription drugs, hospital care, physician visits, and other medical expenses. Similarly, pension costs are affected by the cost of financial services, such as investment management fees and administrative expenses. Bargaining power can also influence the level of health and pension benefits provided, but the underlying cost factors are related to medical and financial services. Age is also a factor in pension costs, as older workers typically require higher benefit levels than younger workers.

Which of the Following Is True About Health and Pension