In a frictionless world
A) Fully funded social security must necessarily make everyone better off, as it provides for retirement.
B) Fully-funded social security is a constraint on private saving behavior, and therefore cannot make anyone better off.
C) Fully funded social security is always preferred to pay-as-you-go social security.
D) Fully funded social security is more efficient, because it is a private program instead of a government program.
Correct Answer:
Verified
Q16: For a consumer bound by the collateral
Q17: When there are credit-market imperfections,an increase in
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
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
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