Question

One important aspect of the new social contract is:A. Fixed pension benefits have increased significantly.B. Fixed pension benefits have remained a solid incentive for workers.C. Fixed pension benefits have been eliminated in the U.S. by around 90 percent.D. Defined contribution plans provide more returns and less risk.

Answer 1

Answer:C. Fixed pension benefits have been eliminated in the U.S. by around 90 percent.

Explanation: Social contract is a term used in sociology to describe the contractual obligations between different facets or categories of persons in a social setting which enables them to effectively establish a moral,political and economical etc ways of executing or doing things.

When people are in a Social contract with their Government,it means both the Government and the people have certain rights and responsibilities which they have to perform to sustain their relationships.