The Social Security Fund Is Designed as

question 294

Multiple Choice

The Social Security Fund is designed as

• A) a pay-as-you-go system.
• B) an investment portfolio that individual contributors can make periodic payments into.
• C) an account that allows periodic withdrawals by contributors.
• D) an individual account with a federal reserve bank.

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Definitions:

Ranked Preferences

A method of ordering alternatives based on their level of desirability or utility to an individual or group.

Public Good

A public good is a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Economic Analysis

The systematic approach for comparing the costs and benefits of different courses of action in terms of their impact on the economy.