In "The Ties That Bind Are Fraying," McPherson and His

question 2

Multiple Choice

In "The Ties That Bind Are Fraying," McPherson and his colleagues found that

• A) those with lower incomes are more involved in their communities than are the most affluent.
• B) over the time period they studied, 1940 to 1995, older people developed more social ties.
• C) over the time period they studied, 1990 to 2015, young people developed more social ties than any other group.
• D) there is "inadequate social support" for about half of all American adults.

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Definitions:

Excess Capacity

A situation where a firm operates below its maximum production capacity, indicating it can increase output without incurring higher fixed costs.

Variable Costs

Expenses that change in proportion to the level of goods or services produced, such as materials and labor costs.

Repeat Customers

Customers who return to a business to make subsequent purchases, showing loyalty and continued interest in a company's products or services.

Credit Scoring

A statistical analysis performed by lenders to assess the credit worthiness of credit applicants.