Demographers Predict That the Number of People in the U

question 16

Multiple Choice

Demographers predict that the number of people in the U.S.aged 65 and over will __________ by 2030.

• A)almost double
• B)be significantly less than the number of children under 18 years old
• C)increase at the same rate as the rate for developing countries
• D)increase at the same rate as the rate for developed countries
• E)stay the same as today

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Definitions:

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors, underpinning international trade theory.

Opportunity Cost

The sacrifice of potential advantages from various alternatives due to selecting one path.

Regulatory Capture

A situation in which industry regulatory agencies are dominated by the industries they are charged with regulating, leading to a conflict of interest.

Industry Regulation

A set of guidelines, rules, and laws designed to control the way businesses operate in specific sectors, aiming to protect consumers, ensure fair competition, and prevent environmental damage.