Social Security Benefit Amounts Are Increased Annually by Automatic Cost-Of-Living

question 61

Multiple Choice

Social Security benefit amounts are increased annually by automatic cost-of-living adjustments.The theory is to:

• A)prevent inflation from eroding the value of Social Security.
• B)encourage economic growth.
• C)reduce the moral hazard of malingering.
• D)discourage adverse selection in Social Security.
• E)cope up with increases in health care expenses.

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Definitions:

Natural World

Refers to the physical world and everything in it, such as plants, animals, mountains, oceans, and stars, as opposed to human creations or the virtual world.

Habitat Reduction

The decrease in the size of natural environments that support wildlife, often due to human activities like deforestation, urbanization, and agriculture expansion.

Species Threat

A situation or condition that endangers the survival or well-being of a particular species, often due to human activities or environmental changes.

Water Pollution

The contamination of water bodies, such as lakes, rivers, oceans, and groundwater, caused by harmful substances directly or indirectly discharged into them, leading to adverse effects on aquatic life and human health.