Related to Age at First Marriage in the U

question 11

Multiple Choice

Related to age at first marriage in the U.S. from 1970 until now:

• A) The average age has remained constant.
• B) The average age has increased.
• C) The average age has decreased slightly.
• D) The average age for men has increased while the average age for women has remained the same.

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Definitions:

Households

Economic units that represent all individuals living in a single dwelling, sharing income and expenses; primary consumers in the economy.

Centrally Planned Economies

Economic models in which all decisions about what to produce and how to distribute goods and services are made by the government or a central body.

Resource Allocation

The process of assigning and distributing available resources to various uses in the most efficient way.

Innovation

The process of creating new products, processes, or ideas that bring value to society, businesses, or individuals.