The Number of Older People Who Live Alone Has ______

question 36

Multiple Choice

The number of older people who live alone has ______ over the last several years.

• A) increased
• B) decreased
• C) remained the same

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Definitions:

Rival Consumption

A situation in which one person's consumption of a good or service diminishes others' ability to consume the same good or service.

Excludable

A characteristic of a good or service that allows its owner to prevent others from using it without permission.

Nonexcludable

A characteristic of a good or service whereby individuals cannot be effectively excluded from using it, often resulting in public goods.

Public Good

A product or service that is made available to all members of society, characterized by non-excludability and non-rivalry in consumption.