The Primary Cost of the Social Security Program Is the

question 86

Multiple Choice

The primary cost of the Social Security program is the

• A)Financial costs of administering the program.
• B)Reduction in total output the program causes because of work disincentives.
• C)Redistribution of income from younger to older workers.

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Definitions:

Traceable Fixed Expenses

Fixed costs that can be directly linked to a specific business segment or product, aiding in profitability analysis.

Contribution Margin

The difference between sales revenue and variable costs, representing the portion of sales revenue that exceeds variable costs.

Variable Expenses

refer to costs that change in proportion to the level of production or sales volume.

Return On Investment

A measure of the profitability of an investment, calculated by dividing the net profit from the investment by its cost.