If Social Security Is Privatized

question 10

Multiple Choice

If social security is privatized:

• A)the contributors would receive fixed and defined retirement benefits.
• B)the contributors would earn on the basis of pay-as-you-go system.
• C)individuals would be paid on the basis of their incomes.
• D)individuals would earn returns on their investments made out of their savings.
• E)individuals would not be required to pay taxes and hence would receive no benefit.

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Definitions:

Theory of Planned Behavior

A psychological theory that predicts an individual's intention to engage in a behavior at a specific time and place.

Unique Factor

A distinct element or characteristic that differentiates one object, situation, or individual from others.

Subjective Norms

Beliefs about whether important people approve or disapprove of a certain behavior, which can influence an individual's intention to engage in that behavior.

Transtheoretical Model

A theory of behavioral change that assesses an individual's readiness to act on a new healthier behavior, through stages like precontemplation, contemplation, preparation, action, and maintenance.