Lee Is a 29-Year-Old Single Chartered Accountant Working for a National

question 41

Multiple Choice

Lee is a 29-year-old single chartered accountant working for a national firm.Lee is originally from Vancouver,completed her accounting degree in Winnipeg and is now living and working in Toronto.Lee works long hours and many weekends so that she can try to move up in the firm quickly and request a transfer to the Vancouver firm to move home.Although she works with a blend of men and women in similar situations as her own,she believes that it is important to maintain professional relationships with her colleagues.When it comes to dating,Lee's situation reflects the

• A)four social trends that underlie the growth in popularity and acceptance of online dating.
• B)social trends that have resulted in a large number of never-married women in their mid-and late-30s.
• C)impact urbanization has on traditional family development.
• D)factors at play in the interpersonal marketplace.

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Definitions:

Long-Run Equilibrium

A state in which all factors of production and costs are variable, and firms are making neither excess profit nor losses, typically reached over time.

Decreasing-Cost Industry

An industry in which expansion through the entry of firms lowers the prices that firms in the industry must pay for resources and therefore decreases their production costs.

Long-Run Supply Curve

A graphical representation showing the relationship between market prices and the amount of output that firms are willing to supply in the long run.

Industry Expansion

The process of an industry growing in size, output, or number of participants, often through increased demand or technological advancements.