One Way to Restructure Social Security to Meet Its Future

question 26

Multiple Choice

One way to restructure Social Security to meet its future obligations would be to _____.

• A)lower the retirement age
• B)reduce Social Security benefits
• C)increase benefits only on the poor
• D)eliminating pay-as-you-go

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Definitions:

Maximin Strategy

Strategy that maximizes the minimum gain that can be earned.

Maximin Strategy

A decision-making strategy in which the decision-maker aims to maximize the minimum gain or minimize the maximum loss, often used in game theory and decision theory.

Minimum Gain

The least amount of profit or advantage that can be achieved in a given transaction or situation.

Maximum Gain

The highest possible profit or advantage that can be achieved in a particular situation.