1. The period of time a person is expected to be in the work force is referred to as: a. Retirement life expectancy. b. Work life expectancy. c. Adult years. d. None of the above.

Work life expectancy

Explanation:

Work life expectancy can be defined as the period of time than an l individual is expected to be actively involved in the workforce. An individual's work life is greatly influenced by a number of different factors including educational height, health, marital and family responsibilities, economic opportunity, and additional sources of income.

Work life expectancy could also influenced by the high rate of unemployment in the economy and an individual's voluntary or involuntary withdrawal from the workforce.

b. Work life expectancy

Explanation: work life expectancy is the period of time an individual is expected to be in the work force, up to the age of retirement. It also takes into account reasons for not being able to work, such as no suitable employment being available, early retirement, elder- or

child-care duties, etc. This is especially important to employers and governments because while employers need to understand the talent they have at hand, the compensations to be made in cases of workplace accidents and possible risk factors relating to workers' health, government apply the work life expectancy in determine expected income through taxation as well as disbursements via retirement funds.

answer; no individual buyer or seller has any significant impact on the market price;