Consider the Following to Answer the Question(s) Below

question 13

Multiple Choice

Consider the following to answer the question(s) below:
A full service brokerage firm gathered information on how their clients were investing for retirement. Based on age, clients were categorized according to where the largest percentage of their retirement portfolio was invested and shown in the table below.

-The percentage of clients over age 50 is

• A) 53.1% (34/64).
• B) 33.3% (34/102).
• C) 18.1% (34/188).
• D) 34.0% (64/188).
• E) 54.3% (102/188).

---

Definitions:

Allocation of Resources

The process of distributing available resources among various competing needs or uses to achieve desired objectives.

Political Decision Making

The process by which governments and political groups determine policies, allocate resources, and make crucial societal choices.

Collective Decision Making

The process by which a group of individuals reach a decision collectively, often through discussion and consensus.

Economic Questions

Fundamental queries about how societies allocate scarce resources among competing uses, typically including what to produce, how to produce, and for whom to produce.