The US Department of Labor Defines Older Workers as Those

question 144

Multiple Choice

The U.S. Department of Labor defines older workers as those

• A) already retired.
• B) aged fifty-five and up.
• C) anywhere between 40 to 64.
• D) who are collecting Social Security.
• E) aged 65 and older.

---

Definitions:

Allocative Efficiency

A state of resource allocation where it is impossible to make any one individual better off without making someone else worse off.

Private Ownership

The legal right held by individuals or corporations to have exclusive control over and use of property, assets, or commodities.

Opportunity Cost

Opportunity cost is the value of the next best alternative forgone as the result of making a decision.

Henry George

A 19th-century economist known for his belief that people should own the value they produce themselves, but that land and natural resources should belong to all (Georgism).