An Effect That Induces Workers to Substitute Social Security Wealth

question 42

Multiple Choice

An effect that induces workers to substitute Social Security wealth for other types of wealth that could be financed by saving is:

• A) the wealth substitution effect.
• B) the induced retirement effect.
• C) the bequest effect.
• D) the income effect.

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Definitions:

Heavy Alcohol Intake

Consumption of alcohol above recommended levels, increasing the risk of health problems.

Cigarette Smoking

The inhalation of smoke from burning tobacco encased in cigarettes, a practice linked to various health risks including cancer and cardiovascular diseases.

Orthostatic Hypotension

A form of low blood pressure that happens when you stand up from sitting or lying down, causing dizziness or lightheadedness.

Shock/Hypotension

A medical condition in which blood pressure drops to dangerously low levels, impairing blood flow to organs.