Why Are Social Security and Medicare Considered Highly Efficient Programs

question 33

Multiple Choice

Why are social security and Medicare considered highly efficient programs?

• A)Their integrated vertical structure.
• B)They have built-in sunset provisions.
• C)They are administered at the local level where government is more responsive to changes in the needs of beneficiaries.
• D)They do not require a large bureaucracy to administer them.
• E)Costs are shared by the state and federal government.

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Definitions:

F-ratio Equation

A statistical formula used in ANOVA to compare variance among groups, calculated as the variance between the group means divided by the variance within the groups.

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The combined gross income of all members of a household who are 15 years old and older, whether related or not.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists between certain datasets or populations being compared.

High School GPA

An average score representing a high school student's academic performance, usually on a 4.0 scale.