If you are retired, you do not have a source of income from a job--you rely on your savings, interest from investments, or the government (e.g., social security in the US). With a job, your salary typically increases every so often to track inflation. When you just have savings, the total value of your money stays the same while the purchasing power of that money decreases. Investment income on your savings (e.g., interest) counterbalances this effect somewhat and government programs typically give out more money to account for the effects of inflation, but neither of these counterbalancing measures may prove sufficient.
The correct answer to this open question is the following.
You forgot to include the options for this question. However, we can say the following.
This excerpt from John Hay's Circular Letter became part of the "Open Door policy."
Yes, it is true that Jhon Hay, Secretary of State in the United States government created the idea of the open door policy for China at the beginning of the 1900s. What was the goal of the US government? To secure a favorable position to trade with China, offering the government of China the kind of respect for their history, traditions, and territory. So it was the first official agreement the United States wrote to became the international trade policy with Asian countries.
