Which of the Following Is the Term Used to Describe

question 54

Multiple Choice

Which of the following is the term used to describe all the people, both related and unrelated, who occupy a housing unit?

• A) Household
• B) Roust gathering
• C) Unit of living
• D) Lifegroup

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Definitions:

Linear

Describes a relationship or function that represents a straight line when graphed, indicating a constant rate of change.

Positive Economics

The branch of economics that concerns the description and explanation of economic phenomena, focusing on facts and cause-and-effect relationships without making judgments.

Normative Economics

The branch of economic analysis that makes prescriptions about the way the economy should work.

Allocatively Efficient

A situation where resources are distributed in a way that maximizes the net benefit to society, often where marginal cost equals marginal benefit.