A Major Provision of the Social Security Act of 1935

question 13

Multiple Choice

A major provision of the Social Security Act of 1935 was the establishment of which service?

• A) Frontier Nursing Service (FNS) to provide nursing service to rural communities
• B) State and local community health services and training of personnel
• C) District nursing to provide home health care to sick people
• D) Community-based settlement houses

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Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, essentially the extra benefit to producers from selling at the market price.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is unobtainable.

Producer Surplus

The difference between the amount that producers are willing to accept for a good or service and the actual amount they receive.

Wireless Mouse Market

The industry segment that deals with the production, distribution, and sale of wireless mouse devices.