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).

Recognize the importance of economics in making informed citizenship decisions.

Identify the concept of scarcity and its implications for opportunity costs and resource allocation.

Comprehend the importance of models and theories in economics to explain real-world phenomena.

Differentiate between positive and normative economics and their roles in economic analysis and policy recommendation.

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Definitions:

Human Tendency

Refers to common patterns or inclinations in behavior, thought, or emotion that are typical among humans, often influenced by biological, psychological, and social factors.

Maturation

The process of becoming mature, involving growth and development in biological, emotional, or intellectual aspects.

DNA

Deoxyribonucleic acid, the hereditary material in humans and almost all other organisms.

Genetic Characteristics

Attributes, conditions, or disorders that are determined by genes inherited from one's parents.