Which Statement Is Correct Regarding Widows

question 6

Multiple Choice

Which statement is correct regarding widows?

• A) They constitute about one-fourth of all women 65 and over.
• B) They usually do not suffer a reduction in pension income when their retired spouse dies.
• C) They qualify for the same Social Security benefit as their retired spouse when he dies.
• D) They suffer about an 18 percent reduction in living standard when their husbands die.

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Definitions:

Labor Supply Curve

A graphical representation showing the relationship between the number of hours workers are willing to work and the wage rate, typically illustrating that as wages increase, workers will supply more labor hours.

Preferences and Social Norms

The combination of individual desires and the influence of societal expectations on consumer behavior.

Factor of Production

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

Input

Resources such as labor, materials, and capital used in the production of goods and services.