If the Social Security Trust Fund Runs Out,what Will Most

question 21

Multiple Choice

If the Social Security trust fund runs out,what will most likely happen?

• A)The program will remain,but the federal government will raise taxes or reduce benefit levels.
• B)The program will be eliminated,as required by law.
• C)There will be no change in the program;the federal government will simply borrow more money to pay for it.
• D)The program will be handed over to state governments,as required by law.

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Definitions:

Alternative Technologies

Refers to varying methods, tools, or systems that can be used as substitutes for each other in achieving a similar outcome, often considered in the context of environmental sustainability or efficiency improvements.

Hourly Wage Rate

The compensation employees receive for every hour they work.

Production Technology

The methods, equipment, and processes used to produce goods and services, impacting efficiency and output levels.

Economists

Professionals who study, develop, and apply theories and concepts from economics and write about economic policy.