Which of the Following Statements Is True of Marriage and Divorce

question 20

Multiple Choice

Which of the following statements is true of marriage and divorce rates in the United States?

• A) Those with a high school diploma or less are more likely to marry than cohabit.
• B) Increasingly, the highly educated are marrying those with a high school diploma or less.
• C) The median age at first marriage is 21 for men and almost 23 for women, down from 27 for men and 30 for women in 1970.
• D) Americans with a bachelor's degree or higher have lower divorce rates than those without college degrees.
• E) College graduates have high divorce rates because they marry early.

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Definitions:

Opportunity Cost

The expense incurred by not choosing the next most favorable option when a decision is made or one possibility is selected over another.

Transaction Costs

The time, effort, and other resources needed to search out, negotiate, and complete an exchange.

Price Ceiling

A legally established maximum price for goods or services, intended to protect consumers from excessively high prices.

Market Equilibrium

A condition in which market supply equals market demand, and the price of the good or service stabilizes.