The typical age-earnings cycle shows that: a. there is a positive relationship between age and earnings that eventually turns into a negative relationship.
b. there is a constant positive relationship between age and earnings.
c. there is a constant negative relationship between age and earnings.
d. there is no relationship between age and earnings.

A. there is a positive relationship between age and earnings that eventually turns into a negative relationship

Explanation:

The earning cycle is earning profile of a person at a period of their lifetime

This cycle usually starts with low earnings, but it starts to increase gradually to a period of age of around age 50, and then from this age it starts to fall.

From the question there is a positive relationship between age and earnings that eventually turns into a negative relationship

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

b is the correct answer