Arguments Against Privatization of Social Security Include

question 34

Multiple Choice

Arguments against privatization of Social Security include:

• A)It carries the risk of poor management
• B)It has high transition costs
• C)It would make worse the "two class" system among the elderly
• D)all of the above
• E)none of the above

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Definitions:

Social Security

A government program designed to provide financial support to individuals during retirement, disability, or upon the death of a primary wage earner.

Government

The system or group of people governing an organized community, often a state, including institutions that establish and enforce public policies and laws.

Normative Statements

Assertions that express opinions about what ought to be, involving values and ethical judgments, rather than empirical facts.

Positive Relationship

A Positive Relationship in economics refers to a situation where an increase in one variable leads to an increase in another variable.