Which of the Following Statements About Credits (Quarters of Coverage)under

question 14

Multiple Choice

Which of the following statements about credits (quarters of coverage) under the Social Security program is (are) true?
I.Up to 10 credits can be earned in a single year.
II.A worker receives one credit for each $10,000 of covered wages in a calendar year,regardless of the worker's wages.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

---

Definitions:

Government Spending

Government spending involves expenditures by government bodies on public services, infrastructure, defense, social welfare, and more, impacting the economy’s overall fiscal stance.

Resource Availability

This refers to the accessibility and abundance of natural, human, and capital resources which can be used for production.

Pioneering Spirit

The attitude or approach characterized by innovation, taking risks, and trying new things, often in exploration or business.

Recessions

Periods of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.