If Social Security Is Privatized

question 10

Multiple Choice

If social security is privatized:

• A)the contributors would receive fixed and defined retirement benefits.
• B)the contributors would earn on the basis of pay-as-you-go system.
• C)individuals would be paid on the basis of their incomes.
• D)individuals would earn returns on their investments made out of their savings.
• E)individuals would not be required to pay taxes and hence would receive no benefit.

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Definitions:

Demographic Data

Information related to the characteristics of human populations, such as age, gender, income, and ethnicity, used for statistical analysis.

Market Segmenting

The process of dividing a broad consumer or business market into sub-groups based on shared characteristics, to target them more effectively.

Education

Education is the structured process of facilitating learning, acquiring knowledge, skills, values, and attitudes.

End-use Segmentation

A marketing strategy that categorizes potential customers based on the specific final use of a product or service.