The Social Security Program Is Primarily a

question 60

Multiple Choice

The Social Security program is primarily a

• A) compulsory retirement income program set up on sound insurance principles.
• B) forced-savings program where workers save during their working years and receive the principal and interest on these savings at retirement.
• C) program designed to tax current workers in order to provide benefits for current retirees.
• D) voluntary savings program run by the government.

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Definitions:

Means of Production

In the context of Marxist theory, the physical, non-human inputs used for the production of economic value, such as factories, machines, and tools, as well as infrastructural capital and natural capital.

Social Life

Refers to the interactions, activities, and relationships individuals engage in with others within a community or society.

Karl Marx

A 19th-century philosopher and economist known for his theories on capitalism and communism.

Social Change

The transformation over time of societal norms, behaviors, values, and systems.