Social Security and Medicare are examples of
A) capitalism.
B) free market functions.
C) market failures.
D) governmental interventions.

Question

Quizplus · Accepted Answer

Social Security and Medicare are examples of governmental interventions in the economy, specifically in the area of providing social welfare benefits to older adults and those with disabilities. These programs represent a form of social insurance, with the government providing a safety net for individuals who might not otherwise be able to support themselves financially in their later years.

Social Security and Medicare Are Examples of