From 2010 to 2050, the inverse dependency ratio in the U.S. is expected to:
A. Rise from 1.2 to 1.8
B. Fall from 1.5 to 1.2
C. Remain stable at 2.1
D. Rise from 1.5 to 2.8
B. Fall from 1.5 to 1.2
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In economic theory, if an additional worker adds less to the total output than previous workers hired, it is because
A) there may be less that this person can do, given the fixed capacity of the firm. B) he/she is less skilled than the previously hired workers. C) everyone is getting in each other's way. D) the firm is experiencing diminishing returns to scale.
In a two-sided market with network effects, the platform will most likely
A) set the same prices for the two sides of the market. B) set different prices for the two sides of the market. C) set a price of zero for both sides of the market. D) combine the two groups of the market before setting its price.