An Aging Population Brings a Variety of Social Problems

question 64

Multiple Choice

An aging population brings a variety of social problems. Which issue related to the aging population in the United States is most significant?

• A) a housing shortage for young people
• B) too few young people supporting too many retirees
• C) slower economic growth and lower spending
• D) high unemployment as retirement age increases

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Definitions:

Direct Materials

Raw materials that are directly traced to the production of goods or services; these are the primary inputs in the manufacturing process.

Direct Labor

The earnings and perks of workers who are actively engaged in the making of products or provision of services.

Manufacturing Overhead

Indirect costs related to manufacturing that are not directly tied to a specific product, such as utilities and management salaries.

Raw Materials Inventory

Raw materials inventory are the basic materials and components that a company has in stock for the production process of its goods.