According to the Law of Diminishing Returns, the Longer We

question 25

Multiple Choice

According to the law of diminishing returns, the longer we live, the:

• A) more we will be willing to pay for medical care than for other goods and services.
• B) larger the burden on taxpayers to finance retirement for retirees.
• C) less energy we will use.
• D) less medical care we will need.
• E) lower our incomes.

---

Definitions:

Ratified

Official approval or confirmation of an agreement, treaty, or contract by all parties involved.

Unauthorized Signature

A signature placed on a document by someone who does not have the legal authority or permission to sign on behalf of the indicated party.

Warranties

Warranties are assurances provided by a seller regarding the quality, condition, or performance of a product, explicitly stated or implied by law.

Unaccepted Draft

A written order to pay a specified amount that has not been accepted by the entity it is drawn upon, typically in international trade.