The primary reason for an aging population is:
a. increased life expectancies and lower fertility rates.
b. a decreased need for elders to enter nursing homes.
c. advances in pharmaceutical innovation.
d. improvements in the treatment of chronic illness.
e. the expansion of insurance coverage because of Medicare.
a. increased life expectancies and lower fertility rates.
You might also like to view...
You overhear the following in the hallway, "Everyone eventually dies, so how can a life insurance company make a profit? Isn't it a losing battle? You will always have to pay the death benefit to your clients!" You know that life insurance compa
can be profitable. This is because A) the premiums you pay on a life insurance policy are always more than any death benefit, so the insurance company always comes out ahead. B) older people with a greater probability of dying during the term of a policy are denied any death benefits. C) the insurance company collects more than enough in premiums today to cover expected benefits payable today. D) life insurance companies are notorious for cheating clients with "fine print" policy clauses.
Monopolistic competition is similar to
a. perfect competition because the firms face downward-sloping demand curves and can earn only a normal profit in the long run b. pure monopoly because the firms face downward-sloping demand curves and can earn only a normal profit in the long run c. perfect competition because the firms face downward-sloping demand curves and similar to pure monopoly in that the firms can earn only a normal profit in the long run d. pure monopoly because the firms face downward-sloping demand curves and similar to perfect competition in that the firms can earn only a normal profit in the long run e. pure monopoly because the firms face downward-sloping demand curves and can earn an economic profit in the long run
The concurrent problems of inflation and unemployment are termed:
a. depression. b. downturn. c. deflation. d. demand-pull inflation. e. stagflation.
Which of the following would be expected to decrease the demand for money in the U.S.?
A. The economy enters a boom period. B. Political instability increases dramatically in developing nations. C. Households fear increasing computer glitches will severely limit their ability to use ATMs. D. Grocery stores begin to accept credit cards in payment.