Ram and Padma Have Saved Enough Money for a Down

question 105

Multiple Choice

Ram and Padma have saved enough money for a down payment on a large suburban home with a basement suite. It has enough room for their sons to both live comfortably with their wives and small children as well, and the family shares the household tasks and earned income equitably. What type of family does this scenario exemplify?

• A) a nuclear family
• B) a traditional nuclear family
• C) an extended family
• D) a polygamous family

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Definitions:

Economic Rent

A payment to a factor of production in excess of the costs needed to bring that factor into production, often associated with unique assets.

Stand-Up Comic

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An individual employed in a manufacturing process where a product is assembled in a sequential manner using a conveyance or other mechanism to move items from workstation to workstation.

CPI

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate inflation.