Demographic Trends Indicate That, in the Coming Two Decades, ________

question 30

Multiple Choice

Demographic trends indicate that, in the coming two decades, ________.

• A)the spending power of middle-class households will substantially decline
• B)the GDP of advanced economies will decline
• C)the spending power of low-income households will increase tremendously
• D)the proportion of middle-class households in emerging markets will become much bigger, acquiring enormous spending power

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Definitions:

Stakeholder Orientation

A business approach that considers the interests and concerns of everyone impacted by the company's activities.

Economic Institutions

Entities or organizations in a society that create, manage, and enforce the rules and policies governing economic activities and transactions.

Motivational Carrots

Incentives or rewards offered to encourage desired behaviors or performances from individuals or groups.

Normative Approach

A perspective in ethics or psychology that focuses on establishing norms or standards of behavior.