Cohabitation

question 55

Multiple Choice

Cohabitation:

• A)usually leads to marriage
• B)is generally seen as an alternative to marriage by older cohabitors, but younger cohabitors are more likely to see their cohabitation as a prelude to marriage
• C)is unrelated to divorce
• D)is negatively correlated with divorce because of a selection effect
• E)is viewed by Blacks as a trial marriage, whereas Whites tend to see cohabitation as a substitute for marriage

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Definitions:

Free-Market System

An economic system where prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

Wage

The amount of money paid to an employee by an employer in exchange for work performed, usually expressed on a per-hour, per-day, or per-project basis.

Interest Income

Earnings received from deposit accounts like savings or money market accounts, certificates of deposit, or income from bonds and loans made to others, calculated as a percentage of the principal amount.

Laissez-Faire

An economic philosophy of free-market capitalism that opposes government intervention.