What Is the "Triple Jeopardy" Faced by African-American and Latino

question 57

Multiple Choice

What is the "triple jeopardy" faced by African-American and Latino women when it comes to income and financial levels of support in the elder years?

• A)ageism,sexism,and racism
• B)Medicare,Medicaid,and welfare
• C)unemployment,poverty,and insufficient Medicare
• D)inadequate housing,job displacement,and lack of medical care

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Definitions:

Utility Function

A mathematical representation expressing an individual's preference ordering over a set of goods or services, used in economics to model decision making under uncertainty.

Min

Often short for "minimum," it represents the smallest or least possible amount or degree of a certain quantity or measure.

Numeraire Good

A benchmark or standard commodity against which the relative price of all other goods and services is measured in an economy.

Initial Endowment

The initial set of assets, goods, or resources that individuals or entities possess before entering into any economic transactions or exchanges.