US Millennials Live at Home Longer Than Young Adults Have

question 31

Multiple Choice

U.S. millennials live at home longer than young adults have in past generations, which is partially due to an increase in student loan debt. Increasing costs of higher education is an example of a(n) ______ change affecting U.S. culture.

• A) external
• B) internal
• C) bilateral
• D) folkway

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Definitions:

Advertising

The occupation or act of generating advertising content for business products or services.

Price Discrimination

A selling strategy where a provider charges different prices for the same product or service to different customers, not based on the cost of production.

Arbitraging

The process of buying and selling assets across different markets or in different forms to exploit price differences for profit.

Vertical Integrate

A strategy where a company expands its business operations into different steps on the same production path, such as when a manufacturer owns its supplier and/or distributor.