Asked by
Julia Hoffman
on Oct 26, 2024
Verified
Which example BEST illustrates social insurance?
A) liability insurance for automobiles
B) food stamps
C) housing subsidies
D) Social Security
Social Insurance
Government-provided insurance programs designed to protect individuals from economic risks and insecurities, such as unemployment, old age, or disability.
Food Stamps
A government assistance program that provides low-income families with funds to purchase groceries, aiming to reduce hunger and improve nutrition.
Housing Subsidies
Financial assistance provided by the government or other organizations to help individuals or families afford housing.
- Elucidate the contribution of government transfer payments and social insurance initiatives towards reducing poverty and disparity.
Verified Answer
IS
Learning Objectives
- Elucidate the contribution of government transfer payments and social insurance initiatives towards reducing poverty and disparity.