Which of the following statements about the Social Security (OASDI) program is FALSE?
A. When an insured worker dies, benefits continue for widows or other dependents.
B. Benefits are based on need.
C. Benefits are an intergenerational transfer program from those who work to those who don't work.
D. Benefits are paid to individuals who would be financially secure in their absence.
Answer: B
Economics
You might also like to view...
If the price of gasoline fell from $2.95 to $2.85 per gallon, your expenditure on gasoline would increase if your price elasticity of demand for gasoline equals
A) 1.1. B) 1.0. C) 0.9. D) Total revenue would increase at all of the above elasticities.
Economics
Briefly discuss the relationship between leakages and the size of the multiplier
What will be an ideal response?
Economics