After Graduating from College, David Moved Back in with His

question 31

Multiple Choice

After graduating from college, David moved back in with his parents. This is an example of:

• A) Extended Childhood
• B) Empty Nest Syndrome
• C) Homogamy
• D) Polygyny

---

Definitions:

Absolute Advantage

The capacity of an entity to manufacture a product or provide a service more effectively than its rivals, by utilizing fewer resources.

Comparative Advantage

A principle in economics that asserts a country's ability to produce a good at a lower opportunity cost compared to another country, fostering global trade efficiency.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, a fundamental concept in economics that emphasizes the potential benefits that are lost when choosing one option over another.

Comparative Advantage

The ability of a party to produce a particular good or service at a lower marginal and opportunity cost over another.