How Many Quarters of Credit Are Necessary for an Individual

question 8

Multiple Choice

How many quarters of credit are necessary for an individual to be Fully Insured under Social Security and receive retirement benefits?

• A)10.
• B)20.
• C)40.
• D)60.

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Definitions:

Mental Set

A tendency to approach situations in a certain way because that method has worked in the past, potentially hindering the ability to see alternative solutions.

Squeaky Stair

A common household issue where one or more steps produce a squeaking noise when pressure is applied, typically due to loose components or friction.

Law of Small Numbers

A cognitive bias leading to the erroneous belief that small samples accurately represent an entire population.

Gambler's Fallacy

The mistaken belief that if something happens more frequently than normal during a given period, it will happen less frequently in the future, or vice versa.