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ABOSee: Accumulated Benefit ObligationABO Similar MatchesAccumulated Benefit Obligation (ABO)Accumulated Benefit Obligation (ABO)An approximate measure of the liability of a pension plan in the event of a termination at the date the calculation is performed. Related: Projected benefit obligation. CabotageCabotage1. Navigation and trade by ship along a coast, especially between ports within a country. Restricted in the U.S. by the Jones Act to domestic shipping companies. 2. Air transportation within a country. Often restricted to domestic carriers, in an example of barriers to trade in services. Unit labor requirementUnit labor requirementThe amount of labor used per unit of output in an industry; the ratio of labor to output. In a Heckscher-Ohlin Model this varies along an isoquant as different techniques are chosen in response to different factor prices. But in a Ricardian model, these are the constant building blocks for defining comparative advantage and determining behavior. Labor standardLabor standardAny of many conditions of workers in the workplace that are viewed as important for their well being, and minimum levels of which are advocated by labor rights activists and have been agreed to by many of the countries that are members of the ILO. Forced laborForced laborThe use of labor that is compelled to work, subject to physical punishment if it does not. Further SuggestionsLabor intensiveDivision of labor Unskilled labor Child labor Labor standards argument for protection Labor standards argument for protection Productivity of labor Collaborative Culture Labor-using Labor augmenting Skilled labor Bureau of Labor Statistics (BLS) Labor theory of value Pauper labor argument Labor right Labor productivity Above par Labor-saving Labor scarce Labor abundant |
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