Why are the elderly often victims of identity theft?


Problem

Part I

Transportation costs consume about 19% of a household's income.
Housing costs increase as you move closer to job centers but transportation costs decrease.
Housing costs decrease as you move father away from job centers but transportation costs increase.
For every 30 minutes your drive, you weigh 10 lbs heavier than someone who did not drive those 30 minutes.
Ride sharing services are decreasing reliance on ownership of vehicles.
Self driving cars are likely to decrease the need to purchase a vehicle.

There is an increased preference among Americans to live in urban communities where they can walk to their work and do their shopping.

Imagine you are an executive of an automotive company like GM, Ford, Toyota. Discuss what you are likely to do based on all the above factors that are taking place.

Part II

• How is the subject of the consumer-in-control movement related to the Internet?
• Why are children particularly vulnerable when it comes to the Internet? What steps can be taken to lessen the risk?
• Why are the elderly often victims of identity theft?
• What federal agencies are involved in monitoring the Internet?

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Microeconomics: Why are the elderly often victims of identity theft?
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