Remaining Single Is

question 36

Multiple Choice

Remaining single is

• A) no longer stigmatized.
• B) for people who do not hope to eventually marry.
• C) a sign that people are turning away from the institution of marriage.
• D) increasinglya choice of young adults.

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Definitions:

Tax

A required contribution or another kind of monetary levy imposed by a government body on a taxpayer to underpin government expenditure and different public spending initiatives.

Deadweight Loss

Deadweight loss refers to the loss in economic efficiency that occurs when the equilibrium for a good or service is not achieved or is unattainable.

Consumer Surplus

The gap in the total amount consumers are willing to invest in a product or service and the amount they end up paying.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, measuring their benefit.