Most Economists Accept the Need for a Required Pension System

question 11

Multiple Choice

Most economists accept the need for a required pension system because

• A)people will save less than is optimal knowing that they can rely on welfare.
• B)people may not have the information necessary to calculate their correct level of savings.
• C)economists believe that saving is good for the soul.
• D)people will save less than is optimal knowing that they can rely on welfare and people may not have the information necessary to calculate their correct level of savings.

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Definitions:

Durkheim

Emile Durkheim, a founding figure in sociology, known for his works on the social causes of suicide, the functions of religion, and the concept of the social fact.

Egoistic Suicide

A concept in sociology, described by Emile Durkheim, referring to the act of taking one's own life due to a lack of social integration and a sense of not belonging.

Anomic Suicide

The type of suicide occurring when there are disintegrating forces in the society that make individuals feel lost or alone.

Labeling Theory

A sociological theory suggesting that deviance and conformity result not so much from what people do but from how others respond to those actions.