Why do consumers benefit from pay-as-you-go social security?
A) It keeps inflation in check as money is redistributed.
B) It is a better way than taxes to finance the government.
C) It forces people to save more than they would otherwise.
D) With sufficiently high population growth, many young contribute to the benefits of the old.
Correct Answer:
Verified
Q18: Asymmetric information means
A) some market participants have
Q19: If a consumer borrows at an interest
Q20: Which of the following is not a
Q21: In a frictionless world
A) Fully funded social
Q22: Consumer choice theory predicts that,with identical consumers,pay-as-you-go
Q23: In a fully-funded social security program
A) the
Q24: If there is limited commitment and the
Q25: Pay-as-you-go social security
A) can never improve economic
Q26: For a consumer not bound by the
Q28: In the United States
A) Social security is
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