If the Social Security Program Was Privatized

question 79

Multiple Choice

If the Social Security program was privatized,

• A)Work disincentives for younger workers would definitely increase.
• B)Income inequalities would definitely decrease.
• C)Individuals would essentially make contributions to their own pension fund.

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Definitions:

Bystander Effect

In social psychology, this phenomenon describes how individuals become less likely to help a victim when they are in a group.

GRIT

Graduated and Reciprocated Initiatives in Tension-Reduction—a strategy designed to decrease international tensions.

Social Trap

A situation in which the conflicting parties, by each rationally pursuing their self-interest, become caught in mutually destructive behavior.

Mere Exposure Effect

A psychological effect in which people show a preference for items or concepts they recognize simply because they know them.