Who Participates in the Payment and Eventual Collection of Social

question 9

Multiple Choice

Who participates in the payment and eventual collection of Social Security?

• A) Only those individuals living at or below the poverty line participate.
• B) It is voluntary participation, but everyone is eligible.
• C) Nearly all working U.S. citizens must participate.
• D) Only those individuals living at or above the poverty line participate.
• E) Only those U.S. citizens born after 1965 participate.

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Definitions:

Representativeness Heuristic

A cognitive shortcut that people use to classify something as belonging to a certain category based on how similar it is to a typical case from that category.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Cognitive Shortcuts

Mental strategies or heuristics that simplify decision making by reducing the amount of processing required to come to conclusions.

Heuristics

Mental shortcuts or "rules of thumb" that simplify decision-making processes, often used unconsciously.