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.

---

Definitions:

Saccharin

An artificial sweetener used as a sugar substitute, known for its zero-calorie content but with a somewhat bitter aftertaste.

Aspartame

Aspartame is an artificial, non-saccharide sweetener used as a sugar substitute in many foods and beverages.

Tea Harvest

The process of collecting the mature leaves from tea plants, typically occurring seasonally, which impacts the supply of tea in the market.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to market stability.