Now That They Have Stopped Working, Kathy and Dennis Are

question 30

Multiple Choice

Now that they have stopped working, Kathy and Dennis are enjoying what some call "the empty nest." Kathy and Dennis are in the __________ phase of the couple's life cycle.

• A) child rearing
• B) childlessness before retirement
• C) moratorium
• D) retirement

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Definitions:

Human-Capital Theory

A concept in economics that views individuals' skills, knowledge, and experience as economic value, suggesting that investments in education and training can enhance productivity and earnings.

Discriminatory Practices

Actions or policies that treat an individual or group unfairly based on certain characteristics, such as race, gender, age, or sexual orientation.

Labor Markets

Marketplaces where employers find workers and workers find jobs, defined by the supply and demand for labor.

Compensating Wage Differentials

Differences in wage rates due to the non-monetary aspects of different jobs, such as riskiness or social value.