If You Compared the Population Pyramid of the Philippines to the United

question 8

Multiple Choice

If you compared the population pyramid of the Philippines to the United States, you would expect to find:

• A) About the same proportion of old people in both countries.
• B) A larger proportion of children in the Philippines, but an older average age.
• C) A larger proportion of the population is middle aged in the United States.
• D) The impact of the baby boom can be seen in both countries.
• E) The longer average life expectancy of men is more evident in the United States.

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Definitions:

Market System

In this economic structure, supply and demand forces directly influence decisions around investment, production capacity, and distribution methods, with the price points of goods and services being freely determined in a competitive price system.

Expanding Industry

An industry or sector experiencing significant growth in terms of output, sales, or number of participants.

Resource Prices

The costs associated with acquiring raw materials or inputs used in the production of goods and services.

Allocation

The process of assigning resources or goods to various uses or individuals in an economy.