Looking Ahead Twenty Years in the United States, the One

question 36

Multiple Choice

Looking ahead twenty years in the United States, the one thing we can be sure of is that

• A) most people will not marry.
• B) the divorce rate will drop dramatically.
• C) stay-at-home dads will outnumber stay-at-home moms.
• D) family life will be diverse.

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Definitions:

Inputs

Resources used in the production process to produce goods or services, including labor, raw materials, and capital.

Output

The total amount of goods or services produced by a company, industry, or economy over a given period.

Diseconomies of Scale

The phenomenon where production costs per unit increase as the scale of operation enlarges, often due to inefficiencies or increased complexity.

Constant Returns to Scale

A situation in economic production where increasing all inputs by any proportionate amount results in output increasing by the same proportion.