Which of the Following Statements Is True of Gen Xers

question 22

Multiple Choice

Which of the following statements is true of Gen Xers?

• A) They graduated from college during the Great Recession and had difficulty in finding good jobs.
• B) They are currently in two different stages of the life cycle.
• C) They have acquired a disproportionate amount of spending power.
• D) They have very low spending power because of a lack of a stable source of income.

---

Definitions:

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be either positive or negative.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.

Outdoor Pets

Domestic animals such as dogs and cats that are suitable for living outside in a safe environment.

Leash Law

Regulations requiring pet owners to keep their pets on a leash in public areas to prevent accidents and ensure safety.