Social Security was established (Multiple Choice)

Social Security was established
 a. in the 1930s to provide retirement income to those with a work history
  b. in the 1930s to provide jobs for the unemployed
  c. in the 1930s to provide health insurance
  d. in the 1960s to provide retirement income to those with a work history
  e. in the 1960s to provide health insurance

QUESTION 2

Jamal maximizes utility by allocating his time among leisure, market work, and household work so that
 a. expected marginal utility is equal among all three
  b. expected total utility per hour is equal among all three
  c. expected marginal utility per hour is equal among all three
  d. the maximum amount of goods and services can be acquired
  e. expected total utility of each use is equal

QUESTION 3

Transfer programs that do not tie benefits to contributions are called
 a. social insurance programs
  b. income assistance programs
  c. health aid programs
  d. bonus programs
  e. compensation programs

QUESTION 4

Individuals maximize utility in allocating their time only when
 a. any change in their use of time reduces their total satisfaction
  b. they consciously and carefully weigh the expected marginal utilities per unit
  c. they consciously and carefully weigh the actual marginal utilities per unit of time spent in each activity
  d. the expected average utility of each activity is equal
  e. people make a concerted effort to measure satisfaction

QUESTION 5

A major difference between social insurance and income assistance programs is that
 a. social insurance programs are run by the states and income assistance programs are run by the federal government
  b. funding for social insurance programs comes exclusively from the federal government, whereas income assistance programs are funded both at the state and federal levels
  c. benefits from social insurance programs are related to a worker's contributions to the programs, whereas benefits from income assistance programs are not
  d. social insurance programs are available only to households with children
  e. income assistance programs are available only to households without children

QUESTION 6

The amount of time an individual is willing to offer for a wage depends on the
 a. all of the following
  b. value of time devoted to leisure activities
  c. boredom, discomfort, and aggravation associated with work
  d. value of time devoted to nonmarket work
  e. satisfaction gained from goods purchased with the wages