The process of balancing the gains and losses associated with aging is called "selective optimization with compensation."

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This is a true statement. Selective optimization with compensation (SOC) is a theoretical framework for understanding how individuals adapt to aging. It involves identifying and prioritizing important goals, selecting the most effective strategies for achieving those goals, and compensating for any losses or limitations that may arise with age. SOC is a common strategy used by older adults to maintain or improve their quality of life.

The Process of Balancing the Gains and Losses Associated with Aging