All of the following are effects of Social Security on the economy EXCEPT ______ .
A. individuals do not save as much for retirement because they understand that retirement is partly financed by Social Security
B. there is less capital accumulation in the U.S. economy because of Social Security
C. there is increased labor market participation
D. the skills of older workers become increasingly valuable to the economy
C. there is increased labor market participation
You might also like to view...
A state that concentrates power at the central, or national, level is known as which type of state?
a. Unitary b. Federal c. Confederal d. None of the above is true.
______ has been the major form of government intervention in the economy in the United States.
Fill in the blank(s) with the appropriate word(s).
A single blind study is preferred over a double blind study
Indicate whether the statement is true or false
What is the “Austrian school”?
What will be an ideal response?