Hello,

I need help with questions 1 through 10 please

Question 1 (1 point) In the United States, Social Security is an entitlement program. What does it mean to say that Social Security is an entitlement? 0 Government enterprise has been transferred to the private section, which is entitied to run Social Security. O People who receive Medicaid are entitled to receive Social Security. 0 Only some workers are entitled to pay into the Social Security system. 0 All Americans are entitled to Social Security. even if they immigrated here within the last year. Q Eligible citizens have a legal right to receive Sociai Security payments. Question 2 (1 point) Former President George W. Bush proposed the privatization of Social Security. Which of the following describes that privatization? O Low-income families would become wealthy during retirement because of their Social Security benets. 0 IRAs and other retirement plans would be taken over by the government. 0 Some part of the government responsibility for Social Security would be transferred to the private sector. 0 It would provide guaranteed Sociai Security to people who are on Medicaid. O Obamacare would be changed into Universal Medicaid. Question 3 (1 point) Unlike Social Security, private insurance programs are l\"fully funded." What does it mean for an insurance program to be \"fully funded?" O The program has reserve assets that are sufficient to pay all expected liabilities. O The program has liabilities that automatically fund themseives through receipts of premiums. 0 The number of insured people is matched by exactly the same number of uninsured people. 0 The mortality rates of people in the program are so high that no reserve assets are needed. 0 The money to pay current payouts is fully funded from current receipts of insurance premiums. Question 4 (1 point) The American Social Security system has been described as a "pay-as-you-go" system. What is "pay-as-you-go" mean in this case? 0 Retirees who receive Social Security checks are required to pay taxes as they go through their retirement years. 0 Even if you collect Social Security, you must pay-as-you-go for other benefits, such as Medicaid. O The program has reserve assets that are sufficient to pay all expected liabilities. 0 Mortality rates of people in the program are so high that the program pays for itself as it goes atong. O The money to pay beneficiaries comes from current payroll tax receipts. Question 5 (1 point) Which of the following describes a progressive tax? 0 It's a tax in which the tax rate falls as income rises. 0 It's a tax in which the tax rate is constant at all income levels. 0 It's a tax in which there are special tax credits and deductions. 0 It's a special tax on people with preexisting conditions. 0 It's a tax in which the tax rate rises as income rises. Question 6 (1 point) Social security payroll taxes are which kind of tax? 0 A regressive tax. 0 A sin tax. 0 An excise tax. 0 A fiat tax. O A progressive tax. Question 7 (1 point] In the American Social Security system, what is the I"replacement rate?" Q It is the rate at which people on social security replace private health insurance with Medicare. 0 It is the rate at which newiy retiring people are replaced by new workers entering the labor force. 0 It is the rate at which high income individuals are replacing poor people. Q It is the percentage of the workers last working year's earnings that is replaced by Social Security retirement benefits. 0 It is the rate at which social security is replaced by income from an iRA. Question 8 (1 point) One suggestion for reforming Social Security is to make it optional. However, critics say that this would lead to adverse selection. As it relates to Social Security, what would "adverse selection\" mean? 0 Workers might select Social Security instead of setting up IRAs, and that would adversely impact private saving. O The government might select trust fund investments that are adverse to the system. 0 Younger, healthier workers might opt out, thereby driving up the loss levels for the program as a whole. 0 The Social Security program might adversely impact interest rates and securities prices by selecting the wrong investments. O Some workers might be so ticked off that they leave the country, for example by moving to Canada or Mexico. Question 9 (1 point) Over the last half century, there has been a significant change in the number of current workers per retired person who qualifies for Socia! Security. How has the ratio changed? 0 It has gone up and down. and the differences have cancelled out. 0 It has decreased. 0 It has changed, but, due to data issues. no knows for sure whether it increased or decreased. 0 It has increased. 0 It has increased but by less than 10 percent. Question 10 [1 point) 1. Some critics have argued that Social Security is unfair to women. For example, it has been argued that there is a \"widow's gap.\" What is the widow's gap? 0 It's the gap of time between the death of the spouse and the surviving spouse starting a new job. 0 It's a gap of time when she is not covered by health insurance. 0 It's a gap between Sociai Security payments and the price of health insurance for people with preexisting conditions. 0 It's a gap between the social security benefit of the deceased spouse and the cost of living. 0 It's the gap of time between the youngest child turning 1c. and the normal retirement age. when the surviving spouse turns 60