If Households Ignore Effects on Future Generations, a Pay as You

question 20

Multiple Choice

If households ignore effects on future generations, a pay as you go social security system:

• A)increases consumption.
• B)reduces the capital stock in the long run.
• C)reduces national saving.
• D)all of the above.

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Definitions:

Sociological Representation

The concept that elected representatives should reflect the demographic and social characteristics of the people they represent.

Agency Representation

A concept in political science where elected officials serve as representatives of their constituents, acting on their behalf in legislative or policy decision-making.

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The authority given to legislative bodies to review, monitor, and supervise federal agencies, programs, and policy implementations to ensure transparency and accountability.

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A committee formed by the United States House of Representatives to investigate the 2012 Benghazi attack where a US consulate in Libya was assaulted.