Wolpert Argued That a Family's Decision to Move Is a Response

question 8

Multiple Choice

Wolpert argued that a family's decision to move is a response to a wide range of social, psychological, and economic conditions. All of these factors can be divided into four basic dimensions for use in the analysis of residential mobility. Which of the following is NOT one of these?

• A) the family life cycle
• B) social mobility
• C) the family's emotional attachment to and participation in the neighborhood
• D) characteristics of the suburbs

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Definitions:

Inferior Goods

Goods whose demand decreases when consumer income rises, opposite of normal goods.

Normal Goods

Goods for which demand increases as the income of consumers increases.

GDP

Gross Domestic Product refers to the sum total of all monetary values of final goods and services produced within the geographical confines of a country during a given time frame.

Income Effect

The change in an individual’s or economy’s income and how that change will affect the quantity demanded of a good or service.