Which of the Following May Result from the Presence of More

question 30

Multiple Choice

Which of the following may result from the presence of more older people in Canadian society?

• A) a higher crime rate as more older people create a larger target for victimization
• B) a larger use of social resources and a subsequent drop in the quality of life caused by the strain of a larger older population on society
• C) a society with more people concerned about fitness, diet, and disease prevention
• D) a more robust economy as older people move from consumerism to resource conservation

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Definitions:

Income Effect

A change in the quantity demanded of a product that results from the change in real income (purchasing power) caused by a change in the product’s price.

Normal Good

A good or service whose consumption increases when income increases and falls when income decreases, price remaining constant.

Marginal Utility

Marginal utility is the additional satisfaction or benefit received by consuming one more unit of a good or service, often decreasing as consumption increases.

Reallocating Expenditures

The process of adjusting how money is spent across different goods, services, or categories to optimize outcomes or achieve desired objectives.