« previous next »

Author Question: Explain how the Social Security program is partly an insurance plan and partly a form of welfare. ... (Read 90 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?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

The Two New Strands Form in Different Ways The Two New Strands Form in Different Ways
Competence in expressing, understanding, and regulating emotions are crucial aspects of social ... Competence in expressing, understanding, and regulating emotions are crucial aspects of social ...
Patient health history form. Patient health history form.
How to quickly determine the maximum or minimum value of a quadratic equation in standard form How to quickly determine the maximum or minimum value of a quadratic equation in standard form
A Healthy Daily Food Plan A variety of foods from each group creates a well-balanced diet A Healthy Daily Food Plan A variety of foods from each group creates a well-balanced diet
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
Video: Endocytosis - pinocytosis, receptor mediated and Transcytosis

For a complete list of videos, visit our video library