Statement I

question 97

Multiple Choice

Statement I.We say that two resources are complements in production if an increase in one requires a decrease in the other.
Statement II.Capital and labor are both complementary resources and substitute resources.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Older Men

A demographic group defined by age, typically referring to men who are in the later stages of their life, often considered to be 65 years and older.

Older Women

Demographic group defined by age, often considered in contexts exploring societal roles, health issues, or representation.

Nursing Homes

Residential facilities that provide a high level of long-term personal and nursing care for individuals who are unable to care for themselves due to physical or mental health conditions.

Older Women

Refers to women typically in the later stages of life, often considered to be those aged 65 and over.