Privatization of Social Security

question 75

Multiple Choice

Privatization of Social Security

• A) would transform the program from an unfunded pay-as-you-go system to a fully funded pension plan.
• B) would mean that workers' current contributions to Social Security would no longer be available to pay benefits to current retirees.
• C) receives less public support when the stock market declines.
• D) all of the above
• E) none of the above

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Definitions:

Leisure

Time free from the demands of work or duty, where one can rest or engage in activities of choice.

Consumption

The process of using goods and services to satisfy needs and wants.

Nonlabor Income

Income received from sources other than employment or work effort, such as dividends, interest, or rent.

Quinces

A fruit related to apples and pears, with a yellow exterior and hard flesh, often used in cooking and making preserves.