Recall the Application About How Society Will Cope with Increased

question 119

Multiple Choice

Recall the Application about how society will cope with increased demands for entitlement programs to answer the following question(s) . This Application addresses the impact of increasing life expectancy and aging populations on the costs of government entitlement programs such as Social Security, Medicare and Medicaid, and examines several possible solutions to the potential problem.
-According to this Application, one strategy proposed to deal with the rising expenses of government entitlement programs is for the government to save and invest now so as to reduce the burden on future generations. This strategy would

• A) increase GDP, and entitlement programs would increase along with GDP.
• B) increase GDP and entitlement programs would decrease.
• C) increase GDP and eliminate entitlement programs.
• D) not change GDP, but shrink entitlement programs.

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Definitions:

Global Strategy

A strategy in which operating decisions are centralized and headquarters coordinates the standardization and learning between facilities.

Low-Cost Leadership

A business strategy where a company offers products at the lowest cost in the market to gain competitive advantage.

Carbon Footprint

A measure of total greenhouse gas emissions caused directly or indirectly by an organization, a product, an event, or a person.

Research and Development

The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.