Japan's Prescription for Dealing with Problems Associated with an Aging

question 84

Multiple Choice

Japan's prescription for dealing with problems associated with an aging society includes

• A) relying on large-scale immigration.
• B) providing incentives for its elderly to retire at ages 55 to 60.
• C) reversing the old-fashioned trend of keeping women at home.
• D) enacting laws against discrimination based on age.
• E) phasing in a shift from age 60 to age 55 as the date when a person may begin receiving a pension.

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Definitions:

Consumer Welfare

The overall satisfaction, utility, or economic well-being that consumers experience from purchasing and consuming goods and services.

Advertising

The action of calling public attention to products, services, needs, etc., especially by paid announcements in newspapers and magazines, over radio or television, on billboards, etc.

Barriers to Entry

Factors that prevent or hinder companies from entering a specific market or industry, including high startup costs, strict regulations, and established competition, which can protect existing firms from new entrants.

Artificial Differences

Distinctions created or imposed in a situation or between objects that do not naturally or inherently exist.