Which Statement Is NOT True with Respect to the Changing

question 17

Multiple Choice

Which statement is NOT true with respect to the changing demographics in China?

• A) The elderly population is growing because of high birth rates in the past.
• B) There has been rapid industrialization and urbanization resulting in different living arrangements.
• C) The one-child policy has created a smaller young generation to care for the elderly.
• D) The compensation for urban factory workers has increased.

---

Definitions:

Consumer Preference

The inclination of consumers to favor certain products or services over others, often based on factors like quality, price, or brand.

Partial Equilibrium Analysis

An economic analysis method focusing on the equilibrium of a specific sector or market, ignoring the effects on and from other markets.

Equilibrium Conditions

Refers to the state where market supply and demand balance each other, and as a result, prices become stable.

Clear All Markets

A theoretical situation where supply equals demand in all markets, leading to economic equilibrium.