The Tax Increases Necessary to Fund Future Social Security and Medicare

question 169

Multiple Choice

The tax increases necessary to fund future Social Security and Medicare benefit payments would be

• A)small,and have little effect on economic growth.
• B)small,but could discourage work effort,entrepreneurship,and investment,thereby slowing economic growth.
• C)large,but would have little effect on economic growth.
• D)large,and could discourage work effort,entrepreneurship,and investment,thereby slowing economic growth.

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Definitions:

Revolutionary War

The Revolutionary War, also known as the American Revolution, was the conflict between thirteen American colonies and British rule that led to the formation of the United States of America after the colonies won their independence.

Compromise

An agreement or settlement reached by each party making concessions.

Economic

Pertaining to the production, distribution, and use of income, wealth, and commodities.

Unalienable Rights

Unalienable rights are fundamental freedoms that are considered inherent to all human beings, which cannot be surrendered or transferred; they include life, liberty, and the pursuit of happiness.