Extended Family Living Arrangements Are More Likely to Occur

question 94

Multiple Choice

Extended family living arrangements are more likely to occur:

• A) when the family is experiencing economic success.
• B) when the mother is older.
• C) when the mother is single.
• D) among White families than among Hispanic families.

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Definitions:

Cash Equivalent

Assets that are easily convertible into cash with little to no risk of change in value.

Price Ceiling

A legal maximum price that can be charged for a particular good or service to prevent prices from becoming too high.

Implicit Tax

A non-legislative effect that decreases the benefits of certain financial choices because of opportunity costs or market adjustments.

Market Equilibrium

The price at which quantity supplied equals quantity demanded.