The Increase in the Number of Retirement Plans Approved by the Federal

question 190

Multiple Choice

The increase in the number of retirement plans approved by the federal government likely indicates that

• A) the government budget is approaching a surplus.
• B) most people have faith in the troubled Social Security system.
• C) Social Security cannot be counted on to provide an individual with ample funds for retirement.
• D) as a nation our values have shifted so that we now enjoy the value of saving more and consuming less.

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Definitions:

Legal Warrant

A legal document issued by a court or magisterial authority permitting law enforcement to perform an action that would otherwise be prohibited, such as searching a premise.

Civil Law

A legal system that deals with disputes between private parties, encompassing laws such as contracts, property, and family law.

Breaking a Contract

The act of violating the terms of a legal agreement, which can result in legal consequences or the need for renegotiation.

Private Individual

A person acting in their personal capacity rather than representing any form of organized group such as corporations, governments, or non-profit organizations.