The Main Problem with the Social Security Program Is That

question 2

Multiple Choice

The main problem with the social security program is that ______.

• A) it will soon run out of money since, as a welfare program, it is politically unpopular
• B) it will soon run out of money to pay benefits because too few workers will be paying into the system
• C) it will soon run out of money; it's financed through taxes at a time when governments are reducing taxes
• D) it will soon run out of money because of the increase in employed workers trying to access benefits

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given income and prices.

Commodity 1

A basic good used in commerce that is interchangeable with other goods of the same type, typically referred to when discussing market transactions.

Units of Y

A placeholder term generally referring to quantities or measurements of a variable Y.

Units of X

A measure or quantity of a particular good, product, or factor of production expressed as a discreet unit for analysis or transaction purposes.