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Questions and Answers
What is the primary goal of social security?
What is the primary goal of social security?
- To encourage higher education for low-income families
- To provide financial assistance to retired individuals (correct)
- To offer free healthcare to all citizens
- To promote economic growth and development
What does social security aim to protect individuals against?
What does social security aim to protect individuals against?
- Inflation and deflation
- Climate change and natural disasters
- Fluctuations in stock market prices
- Unemployment and job loss (correct)
How is social security funded?
How is social security funded?
- Through payroll taxes and contributions (correct)
- By issuing government bonds to the public
- By corporate sponsorship and donations
- Through revenue generated from export tariffs
