Why Do Your Authors Suggest That Younger Divorced People Are

question 73

Multiple Choice

Why do your authors suggest that younger divorced people are less likely to remarry than older divorced people?​

• A) ​Because society has grown more accepting of cohabitation, so a second marriage may not feel necessary.
• B) ​Because the "once bitten, twice shy" effect is more salient for younger people who have more to lose if a second marriage fails.
• C) ​Because divorce usually leaves people financially devastated, and younger people may not be financially able to remarry anytime soon.
• D) ​Because young people usually do not have children when they divorce, and thus they are more "embracing" of their recaptured freedom after a divorce.

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for setting monetary policy, regulating banks, maintaining financial stability, and providing financial services to depository institutions, the U.S. government, and foreign official institutions.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Excess Supply

A situation in which the quantity of a good or service supplied is greater than the quantity demanded at the current price, leading to surplus stock.

Money Market

A section of the financial market where short-term financial assets with high liquidity are traded, such as treasury bills and commercial paper.