Question

I need some questions answered for my study guide. will award medal.

1. Explain the problems facing the social security system. Suggest a possible solution and give one reason to support your solution?

2.How does governor Coumo explain "supply-side, or "trickle-down economics?

3.In general terms, how, according to the council of economic advisers, did the u.s. economy in 1989 contrast with the u.s. economy in 1981?

Answer 1

Welcome to Open Study :)

1. More money being given out versus money collected.
Reduce the amount of money given out by increasing the age that a person must be before receiving the money.
As medical knowledge has increased over the years, the average person is living longer (more years to receive social security) and is more able bodied to work longer (more years to pay into the system).
By making them work longer they will pay in more and receive less and the system won't go broke.

2. i know that the trickle down economics is when benefits provided to businesses and upper income levels indirectly benefit poorer members. but i really don't know if i'm correct.

Sorry i don't know the rest but i'll hope the helps you :)

Answer 2

Okay i just need the 3rd question then :)

Answer 3

nicely done @Mahoganie.Carson make sure not to copy directly though @dragon123mama

Answer 4

this is just to study. i won't use the asnwers for anything.

Answer 5

Thanks @ILovePuppiesLol :)

Answer 6

alright :) its good that you are studying! Some people like me never study ;)