Question

According to the text, an important socioeconomic dimension is

A. the increasing birth rate in most developed nations.
B. the decreasing number of working women, which will increase demand for lower cost staples.
C. the urban-to-rural shift, which impacts demand for housing.
D. the increase in the number of elderly in developed nations, which reduces demand for health care.
E. the increase in the number of working women, which may expand the market for convenience goods.

Answer 1

The important socioeconomic dimension mentioned in the text is the increase in the elderly population in developed countries, leading to greater demand for health care and related services.

Step-by-step explanation:

According to the text, an important socioeconomic dimension is the increase in the number of elderly in developed nations, which suggests a higher demand for age-related goods and services, such as nursing homes and hearing aids. This shift in demographic makeup signifies a rise in the proportion of elderly citizens, which the U.S. Census Bureau projects will reach 20% by 2030. Contrary to the options presented, this change implies an increased demand for health care, not a reduction. The text also dismisses the scenarios of an increasing birth rate in most developed nations, a decreasing number of working women, an urban-to-rural shift impacting housing demand, and a decrease in the number of working women as the primary socioeconomic dimensions being discussed.