The Overall Intent of the Social Security Act Was to Create

question 13

Multiple Choice

The overall intent of the Social Security Act was to create programs that would:

• A)Respond to immediate crisis while planning for long term security
• B)Respond to future crises
• C)Build a long term financial retirement system
• D)Provide for the poorest members of society
• E)Develop a comprehensive financial and health care system

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Definitions:

Bundle

A set of goods or services sold together as a single package.

Revealed Preferences

An economic theory that determines consumer preferences by observing their purchasing behavior rather than through direct inquiry.

Francs

A currency unit formerly used in France and some other countries, and still used in some territories.

Consumption

The process of using goods and services to satisfy wants or needs.