What challenges for business are created by an aging population? ItraO Decreased spending on consumer goodsO Need for more specialized goods and servicesO Fewer workers and higher taxesO Relevant job benefitsO Increased workforce diversity23

A maturing populace can present a few difficulties for organizations. It alters market demand and…

What challenges for business are created by an aging population? O Decreased spending on consumer goods Need for more specialized goods and services Fewer workers and higher taxes Relevant job benefits O Increased workforce diversity

What challenges for business are created by an aging population? O Decreased spending on consumer goods Need for more specialized goods and services Fewer workers and higher taxes Relevant job benefits O Increased workforce diversity

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: What is an emerging industry? What is the primary opportunity available to entrepreneurial firms in…

A: Emerging industry A group of enterprises in an area of business developed around a novel product or…

Q: The following statement, concerning economic growth, is true: O Rapid and sustained economic growth…

A: Economic Growth is the increase in the output or production of goods and services in the country…

Q: An increase in would lead to an increase in long-run economic growth. O a) resources and technology…

A: Economy experiences long run economic growth when its production potential increases.

Q: b. If a severe drought decreases labor productivity, explain what happens to: i. ii. iii. iv. V.…

A: Labour productivity refers to the number of products and services that a group of workers produces…

Q: Consider the following equation: average hours worked worker employment population real GDP real GDP…

A: Answer - Need to find- Suppose an economy has a low birth rate . What will this do to labor…

Q: How do you explain your country 's economic 's success bas - Formal institution: Politics, Law and…

A: Institutions in economies are classified as:- Formal and Informal. Formal institutions include laws,…

Q: 32. Specialization and division of labor may improve productivity because they lead to? a.…

A: The trade involves the specialization of the various goods and services. The international trade…

Q: please complete box only Growth and use verb

A: The given table shows a chart with the growth, history, and other business details of Mercedes-Benz.

Q: Question 13 For what kind of society does a shift away from the production of capital goods and…

A: Consumer goods are those goods that are produced for the consumption of average consumers. For…

Q: . Analyze ways in which the workplace, occupations, the nature of work, and working conditions in…

A: The global economy refers to the global economic system, which includes all economic activities that…

Q: QUESTION 1 From one year to the next, a country's output rose from 4,000 to 5,000, its capital stock…

A: * SOLUTION :- (1)

Q: QUESTION 3 Many economists studying the productivity-growth patterns in the U.S. believe that in the…

A: * ANSWER :- * The answer is TRUE *Explanation :- Between 1995-2010, labor producitvity in US…

Q: The rule of 70 shows us that a) very large economic growth rates are required to improve living…

A: The rule of 70 is a formula for calculating how long it takes for a person's money or investment to…

Q: Why does higher worker productivity not necessarily mean GDP per capita will rise? O GDP per Capita…

A: Increased productivity and GDP growth rate are closely linked together but are these are not…

Q: Using the economic data below, Which statement is true? Year GDP in Billions GDP Growth Rate…

A: In an economy, expansionary situation is when an economy is growing it's output more than the…

Q: what is the major source of human capital formation in an country explain ????

A: Human Capital Formation is a process of developing abilities and skills among population of the…

Q: QUESTION 18 Which of the following is a source of long-run economic growth for a country? O a.…

A: Technology is one of the most important driving factor of growth. According to the law of…

Q: Use the Solow model below to answer the question. Y3 Y₂ K₁ K₂ K3 Y = Af (K,H) dk SY K

A: *Hi there , as you have posted multiple question we will only solve the first one following our…

Q: Which of the following can increase the future rate of growth of the U.S. economy and contribute to…

A: Economic growth is an increase in the gross domestic product of a country over time. It can be…

Q: What is the growth percentage between 2019-2020 and 2020-2021? What do you think the contributing…

A: Economic growth is the inflation adjustedinflation-adjusted growth in productivity. An increase in…

Q: a. Some entrepreneurs develop new products or ways of doing things. O True False b. All successful…

A: Answer in Step 2

Q: 12 Analyze the challenges of 21st century global leaders in business

A: Entrepreneurial social science is that the study of the enterpriser and entrepreneurship at…

Q: Wise leaders know that the key to balancing innovation and execution skills in a team or company is…

A: Concerning contrasts of group techniques that are utilized, a revelation-driven group will be…

Q: Provide an example of an increase in human capital. An increase in human capital labor productivity…

A: An increase in human capital increases labor productivity and does not eliminate the diminishing…

Q: Suppose that average labor productivity in Country B is $25,000, and that Countries B and E have the…

A: There are five countries, named A, B, C, D, and E The average labor productivity of country B is…

Q: A number of countries in the world have achieved sustained economic growth. In all of these…

A: The sustainable economic growth is the implication of the growth rate that an economy has achieved…

Q: Discuss the "baby boom" population structure in the U.S. (What IS the baby boom generation? What is…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: are two conditions that create the S-Shaped Growth. It the carrying capacity somehow consumed by the…

A: There is an S-shaped growth because at the beginning when there is no capital and less production so…

Q: why do technological improvements only increase population and not the long-run standard of living?

A: In an economy, technological improvement refers to the situation when their is an enhancement in the…

Q: Explain the Facilities provided by Sri Lanka's Different Institutions for Small Businesses to start,…

A: Small and medium enterprises(SMEs) have been recognized as a significant vital area for advancing…

Q: Economic Growth – End of Chapter Problem Discuss an example of technological progress not mentioned…

A: a)Because of technological change,productivity of worker increases. Therefore answer is…

Q: What would NOT be considered a factor of production? O labour O O capital O land stocks

A: Ans. Factors of production are the factors that use in the production process to produce goods and…

Q: Q: What contributed to the growth in business in the 1920's? Select one: a. the Federal Reserve kept…

A: Economic growth is the objective of each and every country. It refers to the consistent rise in GDP…

Q: 1) Give two reasons why SMES need support from the government.

A: As per answering guidelines, only one question has to be answered per post. SMEs - stands for…

Q: Jtilizing the aggregate production functions to the right, Robert Solow asserted that the most…

A: We are going to discuss the inevitable contribution of technological change into the economic…

Q: Which of the following will decrease physical capital per worker? O increase in saving in the…

A: Physical capital per specialist is the supply of gear and designs that are utilized to deliver labor…

Q: Economic mobility refers to __________________. A company's ability to pay its bills from cash or…

A: Mobility means ability of an individual to move freely from one place to another. When the term…

Q: Read the extract below based on Toyota and answer the questions that follow TOYOTA MANUFACTURING…

A: Toyota manufacturing is based on the Toyota Production System (TPS), which is a system of lean…

Q: Figure 18-11 The Market for Capital Refer to Figure 18-11. What is measured on the vertical axis of…

A: Demand curve is the downward sloping curve. Supply curve is the upward sloping curve. Equilibrium…

Q: Which of the following will improve with the increase in productivity? O a. Prices O b. None of…

A: As the productivity increases, the standard of living of the people in the economy also increases.

Q: Point D in Figure 1.3 represents: a. an inefficient use of resources. Ob. full employment. c. a…

A: A production possibility curve shows combination of two goods that can be produced by using…

Q: The human-capital model predicts that people move when O the net gain, including moving costs, to…

A: Human capital refers to the skills, knowledge, experience, and attributes that individuals possess,…

Q: How is transportation related to the sector theoryof city growth?

A: Meaning of Economic Development: The tereconomic development refers to the situation under which the…

Q: Labor productivity growth depends on I. saving and investment. ii, increases in human capital. il.…

A: The improvement in labor productivity, or labor productivity, is called "productivity growth."…

Question

What challenges for business are created by an aging population? Itra
O Decreased spending on consumer goods
O Need for more specialized goods and services
O Fewer workers and higher taxes
O Relevant job benefits
O Increased workforce diversity
23

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Define the Problem

VIEW

Step 2: Understand the Wrong Options

VIEW

Step 3: Choose the Correct Option

VIEW

Solution

VIEW

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Using the economic data below, Which statement is true? Year GDP in Billions GDP Growth Rate Unemployment 5,839 2 5,987 2.5 3. 5,870 -2 6,136 4.3 Year 2 would be described as a Contraction & a Trough O Year 2 would be described as an Expansion only O Year 2 would be described as an Expansion & a Peak Year 2 would be described as a Contraction only
Suppose the standard of living is accurately measure by real GDP per capita. Then, ceteris paribus, which of the following would unambiguously promote long-run growth in the standard of living? Oa. Inflation O b. Unemployment c. Population growth O d. Education Next page
Banerjee and Duflo noted that microcredit/microfinance, entrepreneurship training, and financial literacy training, are mostly ineffective if the entrepreneurs are reluctant to engage in business in the first place. As such, based on their potential societal impact (or lack thereof) should these services continue to exist? O Yes; it is more costly to shut them down than to allow them to exist Yes; they provide services that can help sustain small businesses, even if they can't help grow them O No; they provide no actual benefit to society O No; they are harmful to small businesses
Write if the statement is TRUE or FALSE
4. Describe and comment on each of the following education development relationships: a. Education and economic growth: Does education promote growth? How? b. Education and migration: Does education stimulate rural-urban migration? Why?
73. IcecultureInc of Ontario emplyes 50 people and exports around the world. It would be considered a _______________ A. a multinational company B. a transnational company C. a cross-border national company D. a mini-multinational E. a U.S. dominated company 74. Since the 1960s, there have been two notable trends in the demographics of the multinational enterprise. These two trends have been: A. the rise of non-U.S. multinationals and the disappearance of mini-multinationals B. the decline of non-U.S. multinationals and the decline of mini-multinationals C. the decline of non-U.S. multinationals and the growth of mini-multinationals D. the rise of non-U.S. multinationals and the growth of mini-multinationals E. the rise of U.S. multinationals and the growth of mini-multinationals 75. Disturbing signs of growing unrest and totalitarian tendencies continue to be seen in many _______ states. A. Western European B. European C. Northern European D. Eastern European E. South American states…
Chose the trrue statement. a. Sincce the mid 1800ss , Unitedd States of America has experienced substantial migration in workforce in the following order: From service sector to agriculture, and then from agriculture to manufacturing. b. Moderniization or advances in technology, and smarrter processes are example factors that have increased manufacturing productivity in the US. c. The Clarrk-Fisher hypothhesis implies that as productivity increases in one sector, the labor force moves to another sector. d. b and c are true.
Which phrase best replaces X? Lower prices and increased quality of items Higher profits and decreased costs of production Higher supply and increased value of corporations Lower demand and decreased scarcity of resources
“Many believe that the main objective of government economic policy should be to increase productivity and economic growth.” Using the data above and your economic knowledge, critically evaluate thisstatement by providing THREE reasons for and THREE reasons against. Ensurethat you provide a relevant real-world example for the Barbadoseconomy to support EACH point.
16 Calculate the implied growth rate of technology in each scenario. Assume labor's share of output is 60% and capital's share of output is 40%. Instructions: Enter numbers rounded to two decimal place in each box. Growth Rate of Labor (8) Growth Rate of Capital (8) Scenario A B C D Growth Rate of Output (8) 3.0 4.2 3.0 4.2 2 3 2 1 2 3 1 4 Implied Growth Rate of Technology (8)
Question 26 Which one of the following is an incorrect statement about the effect of US natural capital on market growth? O New York City has a large harbor along a major river, the Hudson. With the completion of the Erie Canal in 1825, the locational advantages of New York were enormous. Between 1790 and 1850, New York's population increased from 33,000 to over 800,000. O h the eighteenth and nineteenth centuries, land abundance and avalability promoted low rates of population growth through natural increase because it discouraged high birth rates and fostered relatively high mortality rate. O In 1900, the twenty largest American cities were all located on major waterways. Before Colorado entered the Union in 1876, all U.S. states had at least one border delineated by rivers or oceans. O Many cities in the United States formed at obstacles to water navigation, where continued transport required overland hauling or portage. Portage sites attracted commerce and supporting services, and…