Data from the U

question 58

Multiple Choice

Data from the U.S. Census Bureau shows that fewer people are married today than in 1970. What might explain this trend?

• A)Women are increasingly rejecting marriage, although men are not.
• B)Men and women are delaying the age at which they marry.
• C)Men are living longer.
• D)Human agency is increasing.
• E)Hispanics are less likely than other groups to marry.

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Definitions:

Interest Rate

The cost of borrowing money or the return on investment, expressed as a percentage of the principal.

Market Price

The current price at which a good or service can be bought or sold, determined by supply and demand.

Diminishing Returns

A rule in economics that asserts once investments in a specific sector reach beyond a certain threshold, the returns on those investments will not keep rising if all other factors stay unchanged.

Marginal Costs

The additional cost incurred by producing one extra unit of a product or service, crucial for understanding economic efficiency and pricing.