Generation X

question 224

Multiple Choice

Generation X

• A)is the least healthy generation since the 1940s.
• B)accounts for the largest amount of consumer spending.
• C)is the largest segment of business travelers.
• D)is interested in distinctive, memorable, and personal experiences.
• E)includes younger members known as millennials.

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Definitions:

Absolute Advantage

The ability of a country, individual, or firm to produce more of a good or service with the same amount of resources compared to others.

Trade

The exchange of goods and services between parties, which can be within or across national borders.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, resulting in a negative balance of trade.

Productive Resource

An asset or input used in the production of goods and services, such as labor, land, and capital.