Which Law Offers Full Coverage for Retirees,dependent Survivors,and Disabled Persons

question 72

Multiple Choice

Which law offers full coverage for retirees,dependent survivors,and disabled persons insured by 40 quarters of payroll taxes on their past earnings or earnings of heads of households?

• A) Federal Unemployment Tax Act
• B) Social Security Act
• C) Workers' compensation Act
• D) Employee Retirement Income Security Act

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Definitions:

Long Run

Describes a period in which all factors of production and costs are variable, allowing for the adjustment of all inputs and technology by firms.

Fixed Resource

Refers to a factor of production that remains constant, regardless of the level of output or activity in the short term.

Short-Run Adjustment

A temporary change in production or operation to respond to immediate changes in market or environmental conditions.

Additional Bakers

Implies an increase in the number of bakers in a market or industry, potentially increasing the supply of baked goods.