Which of the following statements accurately describes the result of an increasing worker-per-beneficiary ratio in the Social Security system?
a.
More taxed workers than beneficiaries means that the system is collecting more money for the money being drawn out. This leaves money in the system and secures benefits for future beneficiaries.
b.
More taxed workers than beneficiaries means more money is being drawn from the system for the money put in. This leaves a shortage of money in the system making benefits for future beneficiaries insecure.
c.
More taxed workers than beneficiaries means that the system is collecting more money for the money being drawn out. This leaves a shortage of money in the system making benefits for future beneficiaries insecure.
d.
More taxed workers than beneficiaries means more money is being drawn from the system for the money put in.This leaves money in the system and secures benefits for future beneficiaries.
d. More taxed workers than beneficiaries means more money is being drawn from the system for the money put in. This leaves money in the system and secures benefits for future beneficiaries.
Which individual is acting most like a consumer?
a person whose job is selling goods at a market
a person who hires a mechanic to fix their car
a person eats a meal from vegetables grown in their garden
a person sells their old television to a friend
a person eats a meal from vegetables grown in their garden
The correct statement is:
a. More taxed workers than beneficiaries means that the system is collecting more money for the money being drawn out. This leaves money in the system and secures benefits for future beneficiaries.