The Reason the Idea of Privatizing Social Security Was Raised

question 67

Multiple Choice

The reason the idea of privatizing Social Security was raised in the U.S. was:

• A) to try to further centralize wealth in the U.S.
• B) to avoid a large government deficit
• C) to bring more capital to the stock market
• D) all of the above
• E) none of the above

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Definitions:

Liability Assumption

Liability assumption is the agreement to take on the legal responsibilities or debts of another party.

Investment Extent

The degree or scale to which an individual or entity commits assets or capital to various types of investments with the expectation of achieving a financial return.

Operating Agreement

A contract outlining the operating rules of a limited liability company (LLC), including the financial and working relations among business owners (members).

Profit Division

The method or formula by which profits are distributed among stakeholders, partners, or investors in a business.