Privatization of the Social Security System Would Lead to Which

question 74

Multiple Choice

Privatization of the social security system would lead to which of the following adverse outcomes?

• A)The private companies would make a lot of profit and deprive the investors of their legitimate returns.
• B)Many people would invest irrationally and end up earning nothing.
• C)The amount of benefit received would drastically fall as the private firms do not have social obligations.
• D)It might lead to accumulation of substantial black money.
• E)There would be an increase in government borrowing and debt creation.

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Definitions:

District Court

A type of trial court that has jurisdiction over specific types of cases within a defined geographic area.

Circuit Court

A court that holds sessions at various intervals in different sections of a judicial district.

Superior Court

A court of general jurisdiction that handles serious criminal and civil cases, above lower courts in the hierarchy.

Subject-Matter Jurisdiction

The power of a court to deal with cases of a specific kind or related to certain subjects.