Social Security Benefits Paid by the Federal Government

question 103

Multiple Choice

Social Security benefits paid by the federal government

• A)Are income transfers financed by taxes on workers and employers.
• B)Are classified as in-kind benefits.
• C)Have no effect on the decision of for whom output is to be produced.
• D)Are not a transfer program because people must contribute to the fund in order to receive benefits.

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Definitions:

Global Stratification

The unequal distribution of wealth, power, and resources among countries worldwide.

Fossil Fuels

Natural fuels such as coal, oil, and natural gas, derived from the remains of living organisms that were buried millions of years ago.

Greenhouse Gases

Gases in Earth's atmosphere that trap heat, contributing to the greenhouse effect and global warming.

Developed Nations

Countries characterized by high levels of economic development, advanced technological infrastructure, and high standards of living.