In the Social Security Program, Which of the Following Pays

question 31

Multiple Choice

In the Social Security program, which of the following pays for the benefits that people currently paying into the system will receive in retirement?

• A) Those working when the retired receive benefits
• B) The state they live in
• C) Those paying federal income tax
• D) Property taxes
• E) Sales taxes

---

Definitions:

Consumer Equilibrium

The point at which the quantity of goods purchased by a consumer, given their income and prices of goods, maximizes their utility.

Total Utility

Total utility is the total satisfaction or pleasure a person derives from consuming a particular quantity of goods and services.

Marginal Utility

The change in satisfaction or utility that an individual gains from consuming an additional unit of a good or service.

Marginal Utility

The extra pleasure or benefit gained by a consumer from consuming one more unit of a product or service.