Social Security is based on the concept of
a. private insurance supported by public money
b. private insurance supported by private money
c. specific retirement packages for each industry
d. accumulation of your own funds that will be returned to you, with interest, upon retirement
e. pay-as-you go
E
You might also like to view...
A recession causes a decrease in the demand for housing, resulting in substantial layoffs in the construction industry. The people laid off are considered
A) cyclically unemployment. B) frictionally unemployment. C) seasonally unemployment. D) structurally unemployment.
Suppose the real interest rate rises and the quantity of loanable funds increases. These changes could have been the result of
A) firms expecting higher future profits. B) firms expecting lower future profits. C) households expecting higher future income. D) in increase in the default risk.