SW Policy Ch 9
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Today, social insurance programs include:
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Unemployment Insurance
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Social Security is the main source of income for two-thirds of all elderly people.
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True
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Social Security historically has included fairness in resource distribution by race and gender.
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False
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The Social Security trust funds are projected to run out by 2019
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False
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Social insurance is:
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collectively funded program for workers and their dependents
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The following programs were all part of the original Social Security Act of 1935
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Old Age Insurance
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The original Social Security Act of 1935 included Grants to States for Aid to Dependent Children and Medicare
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False
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Which of the following is true about privatization of Social Security?
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Those who understand financial markets would do well
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The full name of Social Security today is Old Age Survivors Disability Insurance
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True
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The overall intent of the Social Security Act was to create programs that would:
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Respond to immediate crisis while planning for long term security
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From its introduction as a policy proposal, Social Security was widely embraced because of its support for the elderly and people with disabilities
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False
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The two key complementary components of the Social Security Act were
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Social insurance and public assistance
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Many argue that the future of Social Security is in jeopardy. Which of the following is NOT a reason to worry about the future of the program?
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coverage of low-income children
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Disability Insurance was:
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added in 1956
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The tax rate for OASDI is:
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6.20%
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When the Social Security Act was passed in 1935, the public and legislators embraced which program?
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None of the programs
