Privatization of the Social Security System Is Being Considered Due

question 33

Multiple Choice

Privatization of the Social Security system is being considered due to

• A)the desire to reduce taxes.
• B)demands to reduce the retirement age.
• C)reduced life expectancy.
• D)underfunding of the system.

---

Definitions:

Tex-Mex Restaurant

A type of dining establishment that serves a fusion cuisine of Texan and Mexican origins, characterized by its hearty, flavorful dishes.

Local Phone Company

A telecommunications provider that offers services within a specific geographic area, typically handling local calls and access.

Monopolistic Competitor

A firm that operates in a market structure characterized by many competitors offering products or services that are similar but not identical, allowing for some degree of market power.

Long Run

A period in which all factors of production and costs are variable, allowing for full adjustment to changes.