Of the Following Individuals,who Would Be Least Likely to Have

question 66

Multiple Choice

Of the following individuals,who would be least likely to have made retirement preparations?

• A) Elizabeth, who dreads the whole notion of being a retired person.
• B) Hrithik, who began to cut back his work hours 10 years ago.
• C) George, who has become very dissatisfied with the demands of his job and his supervisor.
• D) Jolanda, who has retired friends who travel and socialize together.

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Definitions:

Nonexclusive Good

Good that people cannot be excluded from consuming, so that it is difficult or impossible to charge for its use.

Exclusive Good

A product or service that is only available to a specific group of consumers or requires special access, often characterized by high quality and price.

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with environmental pollution.

Noxious Odors

Unpleasant or harmful smells that can cause discomfort or health issues.