What Distinguishes a Means-Tested Program from a Social Insurance Program

question 13

Multiple Choice

What distinguishes a means-tested program from a social insurance program?

• A)A means-tested program extends benefits based on age categories,while a social insurance program provides benefits based on immediate need.
• B)A means-tested program only extends benefits to the elderly,while a social insurance program extends benefits to everybody.-
• C)A social insurance program extends benefits only to the working poor,while a means-tested program extends benefits to everyone,regardless of social class.
• D)A social insurance program provides benefits to those who have paid into the program,while a means-tested program provides benefits based on demonstrated need.

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Definitions:

Conducted

The process through which something such as electricity, heat, or sound is transmitted or guided along a path.

Lowball Procedure

A technique used in sales and negotiation that involves initially quoting a lower price and then raising it after the buyer has accepted the offer.

Expensive Equipment

High-cost tools or machines, typically used for specialized tasks that require significant investment.

Market Rate

The prevailing price or interest rate available in the marketplace for goods, services, or financial instruments.