« previous next »

Author Question: Explain how the Social Security program is partly an insurance plan and partly a form of welfare. ... (Read 97 times)

jjjetplane

  • Hero Member
  • *****
  • Posts: 556
on: Jul 1, 2018
Explain how the Social Security program is partly an insurance plan and partly a form of welfare.
 
  What will be an ideal response?

Question 2

In a market with positive externalities
 
  A) the efficient level of production is less than what competition will obtain.
  B) the efficient level of production is equal to what competition will obtain.
  C) the efficient level of production is more than what competition will obtain.
  D) there cannot be an efficient level of production.


stanleka1

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jul 1, 2018
Answer to Question 1

Social Security is an insurance program to the extent that individuals pay contributions into the system and receive benefits in the future in proportion to their current contributions. Social Security is partly a redistributive program because payments to beneficiaries are not made in proportion to taxes paid. For example, married couples with one working spouse receive higher benefits relative to contributions than a single individual having made identical lifetime contributions.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

African lions are highly social predators. African lions are highly social predators.
A release form for medical records. A release form for medical records.
How to determine an equation in vertex form of a parabola How to determine an equation in vertex form of a parabola
Social Conditions and Gender Social Conditions and Gender
How to use transformations to graph quadratic equations in vertex form How to use transformations to graph quadratic equations in vertex form
The biological clock obviously constrains the social clock The biological clock obviously constrains the social clock
Video: Bone Growth and Remodeling

For a complete list of videos, visit our video library