Social Security is:
A. not purely a pension program, because some people receive more than they paid in.
B. a means-tested public assistance program designed to assist the poor.
C. a means-tested public assistance program designed to reduce income inequality.
D. a pension program that returns benefits to participants equal to the amount paid in.
Answer: A
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If you believe that a worker should be paid on the basis of what he or she produced, you believe in
A) the egalitarian principle. B) the productivity standard. C) the benefits standard. D) the comparative worth principle.
The PPP index:
A. describes the overall inequality present in one country compared to another. B. describes the overall differences in poverty levels between countries. C. describes the overall difference in prices between countries. D. None of these is true.