Owen Had a Typewriter Shop, but He Went Out of Business

question 135

Multiple Choice

Owen had a typewriter shop, but he went out of business because no one buys typewriters anymore. This statement best represents this economic concept:

• A)Resources are scarce.
• B)People usually exploit opportunities to make themselves better off.
• C)Markets move toward equilibrium.
• D)One person's spending is another person's income.

---

Definitions:

Life Review

A reflective process, often occurring in older adulthood, where individuals recall and evaluate experiences and events of their lifetime.

Meaning

The significance or interpretation of a word, phrase, sentence, or symbol.

Ageist Attitude

Prejudice or discrimination against individuals or groups based on their age, often directed towards older adults.

Stereotypes

Oversimplified generalizations about groups of people that may not accurately reflect reality.