Multiple Choice
Consumer choice theory predicts that, with identical consumers, pay-as-you-go social security
A) always makes all generations worse off.
B) makes some generations better off, and cannot make any generation worse off.
C) may make some generations worse off and cannot make any generation better off.
D) may be Pareto improving.
E) always makes all generations worse off compared to a fully-funded system.
Correct Answer:
Verified
Correct Answer:
Verified
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