Which of the Programs Below Would Transfer Wealth from the Young

question 7

Multiple Choice

Which of the programs below would transfer wealth from the young to the old?

• A)Taxes are raised to provide better education.
• B)Taxes are raised to improve government infrastructure such as roads and bridges.
• C)Taxes are raised to provide more generous Social Security benefits.
• D)None of the above transfer wealth form the young to the old.

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Definitions:

Sampling Error

The discrepancy between the statistical measures of a sample and the actual parameters of the whole population.

Sample

A group chosen from the larger population for the purpose of collecting statistical data through observation or questioning.

Population

The entire group of individuals or items that is the subject of a statistical analysis.

Nonresponse Error

The bias that occurs in survey statistics when individuals selected for the survey do not respond and their nonresponse is related to the measure of interest.