What Is Social Security

question 10

Multiple Choice

What is Social Security?

• A) Federal program designed to provide hospital insurance, and most people do not have to pay a monthly premium for this insurance because they are eligible through the taxes they paid while working
• B) Federal program designed to provide medical insurance and covers physician services, outpatient hospital care, and other medical services such as physical and occupational therapy and some home healthcare
• C) Federal program designed to protect individuals and their families from loss of earnings due to retirement, disability, or death (when signed into law in 1935, it covered only retired workers)
• D) Largest source of funding for medical and health-related services for people with limited income

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Definitions:

Gross Domestic Product

The entire monetary or market valuation of all last-stage goods and services produced inside the borders of a country over a given time period.

Manufactured Capital

Physical assets created by humans to assist production, such as machinery, buildings, and infrastructure.

Pollution Control

The practices and policies directed towards regulating, reducing or eliminating the release of pollutants into the environment.

Green Accounting

A type of accounting that attempts to factor environmental costs into the financial results of operations.