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The insurance principles of assessing and pooling risk do not apply to welfare programs.
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Question 1
The insurance principles of assessing and pooling risk do not apply to
welfare programs.
Question 1 options:
True
False
Question 2
In the last two decades, Social Security taxes have increased much
faster than the general level of prices, but not as fast as the cost of
health care.
Question 2 options:
True
False
Question 3
The current Social Security benefit levels cannot be maintained without
raising Social Security withholding taxes or extending the normal
retirement age.
Question 3 options:
True
False
Question 4
Both public assistance programs and social insurance programs are
organized and undertaken by the government and have the broad social
purpose of reducing want and destitution.
Question 4 options:
True
False
Question 5
Like social insurance, employers and employees pay into the public
assistance system to earn their rights to benefits.
Question 5 options:
True
False
Question 6
Both Social Security and Medicare programs face a long-term financing
gap.
Question 6 options:
True
False
Question 7
The current generations of taxpayers are confident about the ability of
the Social Security system to deliver benefits at current inflationadjusted levels.
Question 7 options:
True
False
Question 8
If an individual qualifies as both a worker and as the spouse of a
worker, the beneficiary will receive whichever primary insurance amount
is greater, but not both.
Question 8 options:
True
False
Question 9
Social insurance is also referred to as public assistance.
Question 9 options:
True
False
Question 10
Social Security is need-based and does not depend on a person’s
employment history.
Question 10 options:
True
False
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