Recall Application 1, "Increasing Life Expectancy and Aging Populations Spur

question 138

Multiple Choice

Recall Application 1, "Increasing Life Expectancy and Aging Populations Spur Costs of Entitlement Programs," to answer
the following questions:
-According to the application, increasing life expectancy would affect the budget because

• A) as the population grows older, Medicare payments would increase.
• B) as the population grows older, Medicaid payments would increase.
• C) as the population grows older, the Social Security payments will increase.
• D) all of the above are correct

---

Definitions:

Consumer Products

Goods and services that are bought by individuals for personal use.

Marketing Channel

The pathways or routes through which goods and services flow from the producer to the consumer.

Advertising Media

The communication platforms used to promote and market products or services to target consumers.

Direct To Consumer

A business model where companies sell products directly to consumers, cutting out any intermediaries such as retailers or wholesalers.