The Average Age of Retirement Declined Over the Twentieth Century

question 49

Multiple Choice

The average age of retirement declined over the twentieth century in the United States because of __________.

• A) the steady increase in lifespan
• B) the steady improvements in health care
• C) government-sponsored retirement benefits
• D) the negative impact of economic recessions

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Definitions:

Tractors

Agricultural machinery designed for plowing, tilling, and performing other tasks on farms to facilitate crop production.

Gain From Trade

The increase in utility or benefit that entities receive from trading goods or services with each other, often as a result of specialization and efficiency.

Barrels

A unit of measure for oil and other petroleum products, equal to 42 US gallons.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.