The 2011 Report from the Trustees of Social Security Indicates

question 21

Multiple Choice

The 2011 report from the trustees of Social Security indicates that:

• A) Social Security will be bankrupt by the year 2024
• B) with no changes to the program, the Medicare Hospital Insurance trust fund will be exhausted in 2024
• C) Baby Boomers are specifically responsible for bankrupting the system
• D) with no changes to the program, all benefits will be fully-funded through the year 2018

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Definitions:

Fixed Interval Schedule

A schedule in operant conditioning where a response is rewarded after a specified amount of time has passed.

Security Needs

Basic human requirements for safety and security, including physical safety, job security, and health.

Abraham Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy, from most pressing at the bottom to the need for self-actualization at the top.

Equity Theory

Is concerned with a person’s perceived inputs to a (work) setting and the outcomes received from that setting. The theory suggests that everyone calculates the ratio of inputs to outcomes, similar to considering a return on any investment.