Which of the Following Statements About Social Security Is False

question 55

Multiple Choice

Which of the following statements about Social Security is false?

• A) Social Security was established in 1935.
• B) It is a program based on forced savings.
• C) Contributors receive benefits in strict proportion to their contribution.
• D) Social Security redistributes wealth from younger workers to older retirees.
• E) It is a fairly popular program among U.S.citizens.

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Definitions:

Sociology

The study of the development, structure, and functioning of human society, including patterns of social relationships, social interaction, and culture.

Economics

The social science concerned with the production, distribution, and consumption of goods and services, and the study of human behavior in allocating resources.

Weekend

The part of the week typically comprising Saturday and Sunday, commonly understood as a time of rest from work.

Commodity 1

Typically refers to a basic good used in commerce that is interchangeable with other goods of the same type; however, the context "1" could suggest a specific focus within a larger category of commodities.