Which Two Factors Appear to Be Associated with Greater Poverty

question 30

Multiple Choice

Which two factors appear to be associated with greater poverty in old age?

• A) health and place of living
• B) years of work and type of employer
• C) sex and ethnicity
• D) number of children and savings

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Definitions:

Economic Rents

Earnings in excess of the minimum amount required to keep a resource in its current use, often due to scarcity or monopolistic control.

Accrue

The accumulation or increase of something over time, especially payments or benefits.

Changes in Rent

Variations in the lease price for rental properties due to factors like market demand, location, and quality of the property.

Demand and Supply

The basic economic principle that describes the quantities of goods and services that buyers are willing and able to purchase at various prices and the quantities sellers are willing to sell.