Economic security provides protection from which of the following?

• A. High property taxes
• B. Adverse economic events
• C. Market competition
• D. Decreasing wages

Answer: (B)

Economic security is fundamentally about ensuring that individuals and families are protected from adverse economic events that can negatively impact their financial stability and overall wellbeing. Such events might include job losses, economic recessions, natural disasters, or health crises. The concept promotes a safety net that helps people navigate through such downturns without suffering devastating losses in income or access to essential services.

In contrast, high property taxes, market competition, and decreasing wages are different aspects of economic conditions and policies that may affect financial stability but do not directly relate to the protective measures encompassed by economic security. While high property taxes can strain finances and market competition can affect job availability and wages, these are not specifically targeted as protective mechanisms under the umbrella of economic security. Therefore, the protection against adverse economic events is what fundamentally characterizes economic security.