Which of the following tends to increase the attractiveness of a retirement system based on savings and investment rather than pay-as-you-go principles?
a. a persistent increase in the number of workers relative to the number of retirees
b. a large number of workers relative to the number of retirees
c. a reduction in the number of workers relative to the number of retirees
d. a persistent increase in the life expectancy of retirees.
C
Economics
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What will be an ideal response?
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