Which of the Following Is a Social Insurance Program

question 17

Multiple Choice

Which of the following is a social insurance program?

• A)Medicaid
• B)food stamps
• C)unemployment compensation
• D)Temporary Assistance for Needy Families
• E)Supplemental Security Income

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Definitions:

Payroll Tax

Contributions imposed on either the workforce or the employers, determined by a percentage of the payrolls distributed by companies to their staff.

Luxury Tax

A tax applied on expensive goods and services considered by the government to be non-essential or luxury items.

Price Elasticity

Measures the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Quantity Demanded

The complete sum of a particular good or service that purchasers are prepared and financially able to buy at a certain price.