The Baby Boomer Generation Is Just Starting to Retire,and Waiting

question 17

Multiple Choice

The baby boomer generation is just starting to retire,and waiting lists to get into nursing homes are on the rise.We could reasonably expect the demand for geriatric care to:

• A) increase due to the number of buyers increasing.
• B) decrease due to the number of buyers increasing.
• C) increase due to expectations of future prices.
• D) decrease due to expectations of future prices.

---

Definitions:

Iroquois Confederacy

A historic union of six Native American tribes living in the northeastern United States, known for their democratic governing system.

Early Eighteenth Century

Refers to the period from 1700 to 1729, a time of significant political, economic, and cultural developments in Europe and its colonies.

James Otis

An American lawyer in the 18th century known for his outspoken opposition to the Writs of Assistance and the British policies that led to the American Revolution.

Sugar Act

A law passed by the British Parliament in 1764 designed to raise revenue from the American colonies by imposing a tax on sugar and molasses imported from places outside the British Empire.