A Trend That Is Apparent with Respect to Cohabitation Is

question 102

Multiple Choice

A trend that is apparent with respect to cohabitation is that:

• A) the vast majority of people who cohabit today are doing so to make sure they are compatible for marriage
• B) most cohabitating unions are as stable as marriages
• C) cohabitation is a passing fad in American culture and has dramatically declined in recent years
• D) few people who cohabit ultimately marry
• E) cohabitation as an alternative to marriage is increasing in Nordic countries as well as in the United States.

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Definitions:

Binding Price Floor

A government-imposed price control that sets the minimum price above the equilibrium price, causing a surplus in the market.

Deadweight Loss

An economic inefficiency caused by a deviation from the optimal allocation of resources, often resulting from market distortions like taxes or subsidies.

Equilibrium Quantity

The quantity of goods or services supplied is equal to the quantity demanded at the market equilibrium price.

Binding Price Floor

A legally established minimum price above the equilibrium price, causing a surplus in the market.