1.) The Social Security system was founded Question 33 options: during the last

Question

1.) The Social Security system was founded

Question 33 options: during the last years of the nineteenth century, as people who had once depended on having a family farm found themselves without a means of support.

during the Civil War, to pay pensions for veterans.

in response to concerns that arose during the high inflation of the 1970s.

as the United States began to recover from the Great Depression.

2.) Current concern about Social Security is that

Question 32 options: the fund is growing too rapidly and would trigger inflation.

the government is planning to phase out the program.

the fund might be depleted before long and might not be there for workers who retire later.

none of the above

3.) Consumers are sovereign when

Question 23 options: prices are decided by sellers.

they have the freedom to decide what they wish to purchase.

they can prevent market failure.

they control the government.

Explanation / Answer

As per chegg guidelines first question is answered below.

1.

Correct option: during civil war to pay pension to veterans

Reason: The social security system was founded in 1935 to take care of war veterans and old aged workers over the age of 65 and pay for their living.

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