We Are More Likely to Be Happy If We Have

question 32

Multiple Choice

We are more likely to be happy if we have a close friend living within a mile,but this requirement may be changing due to which of the following?

• A) lower fuel prices
• B) social media forums and smartphones
• C) increased variety of at-home entertainment
• D) "Millennial generation" focus on self

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Definitions:

Law of Diminishing Returns

A principle stating that if one factor of production is increased while other factors are held constant, the marginal product of the increased factor will eventually decrease.

Moral Hazard

A situation where one party takes risks because they know they will not have to bear the full consequences of their actions.

Divorce Insurance

A type of financial product designed to provide financial protection to individuals in case of a divorce, typically by paying a lump sum.

Marital Problems

Issues or conflicts arising between spouses that can affect the stability and health of the marriage.