Which of the following are reasons why Social Security is compulsory?
Which of the following are reasons why Social Security is compulsory?
a. A pay-as-you-go system needs new contributors to maintain solvency.
b. A pay-as-you go system cannot let older individuals opt out of benefits.
c. The adverse selection problem.
d. all of the above
e. a and c
ANSWER
e
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.