The Social Security System

question 17

Multiple Choice

The social security system,

• A) continues to burden businesses due to the fact that businesses must provide and pay for this benefit for their employees.
• B) met the needs of our nation when it was conceived,but needs an overhaul.
• C) will continue to serve the needs of U.S.citizens into the distant future,due to the fact that there are so few retirees placing a strain on it.
• D) is failing because the U.S.government failed to invest the money that employees contributeD.

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Definitions:

Specialize

The process by which individuals or entities focus their efforts on a limited range of activities, goods, or services to gain efficiencies and improve performance or output.

Production

Production is the process of creating goods and services through the combination of labor, materials, and technology to meet consumer demand.

Absolute Advantage

The ability of a country, individual, or firm to produce more of a good or service with the same amount of resources compared to others.

Coffee

Coffee is a brewed drink prepared from roasted coffee beans, the seeds of berries from certain Coffea species.