What Is the Elderhostel Program

question 54

Multiple Choice

What is the Elderhostel program?

• A) an educational program that combines formal learning with the European concept of hostelling
• B) an informal type of nursing home where the patient lives independently in nearby apartments and goes into the hospital only for regular check-ups
• C) an example of a semi-formal structure of support for seniors
• D) a government program that subsidizes the construction of portable modular cottages for parents on their children's property

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Definitions:

Goods

Physical items that satisfy human wants or needs, which can be transferred from one person to another and include both consumer and capital goods.

Services

Intangible products provided to consumers, such as healthcare, education, and financial advising, which do not result in the ownership of anything physical.

Financial Account

A component of a country's balance of payments that records transactions of financial assets between residents and non-residents.

Net Transfers

Financial or in-kind transactions without a direct quid pro quo, often seen in government budgets or international aid.