Choose the one word or phrase that best completes the sentence and fill in the appropriate answer above.
1-
The relationship between worker pensions and retirement is of ......... interest to management and economists.
A -
considerable
B -
enough
C -
plentiful
D -
sufficient
2-
The reduction in retirement age since World War II is usually ......... to greater pension benefits, both governmental and private.
A -
aligned
B -
alleged
C -
assigned
D -
attributed
3-
The anticipated difficulties in financing current public pensions could be ......... by changes that delayed worker retirement.
A -
instigated
B -
investigated
C -
mitigated
D -
relegated
4-
Private pensions ......... a large percentage of individual wealth in most of the developed nations.
A -
compare
B -
compile
C -
compost
D -
comprise
5-
As a worker ages, both his productivity and the ......... of working another wage period will change.
A -
difficulty
B -
disability
C -
disinterest
D -
disutility
6-
In a perfect labor market, employers, who always pay workers the value of their ......... at any one time, will be indifferent to the age of retirement.
A -
contract
B -
output
C -
pension
D -
salary
7-
The most obvious reason for the existence of pensions is the tax advantage, since pension ......... are permitted to accumulate untaxed until retirement.
A -
benefits
B -
calculation
C -
contributions
D -
payouts
8-
Both employers and employees benefit from a payment ......... where workers receive less than the actual value of their work when they are young and more than the actual value of their work when old.
A -
avenue
B -
envelope
C -
gap
D -
stream
9-
This system reduces worker incentives for ......... and cheating and thereby raises their lifetime wealth.
A -
kiting
B -
lurking
C -
lying
D -
shirking
10-
General economic conditions also help determine actual retirement age: higher inflation and greater unemployment at the end of his career causes the worker to ......... his retirement.