Asked by
Samantha Gamez
on Oct 26, 2024Verified
An example of a social insurance program is:
A) expenditure on national defense.
B) Social Security payments to the disabled.
C) the food stamp program.
D) purchasing a new city police car.
Social Insurance
programs designed to provide financial protection against certain life risks (e.g., old age, disability, unemployment) funded by contributions from employers, employees, or both.
Social Security
A government program that provides financial assistance to people with little or no income, mostly the elderly or disabled.
Food Stamp Program
A government assistance program that provides low-income individuals and families with funds to purchase groceries, aiming to reduce hunger and improve nutrition.
- Explain the function of government transfer payments and social insurance schemes in mitigating poverty and inequality.
Verified Answer
IO
Learning Objectives
- Explain the function of government transfer payments and social insurance schemes in mitigating poverty and inequality.