Divorcees, Often Called Second-Chancers, Usually Have a Lower Household Income

question 208

True/False

Divorcees, often called second-chancers, usually have a lower household income and are between the ages of 40 and 59.

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Definitions:

Capital

Capital refers to financial assets or the financial value of assets, such as funds held in deposit accounts as well as the physical factors of production.

Opportunity Cost

The value of the best alternative that is forgone when a choice is made between several mutually exclusive alternatives.

Bowed Outward

Describes a curve (such as in production possibilities frontier) that shows increasing opportunity costs for producing two goods.

Capital

Assets with monetary value, including cash and commodities, which are utilized to produce income or accumulate wealth.