Why Are Children More Likely to Have Grandparents as Part

question 74

Multiple Choice

Why are children more likely to have grandparents as part of their lives today than in the past?

• A)Parents are on good terms with the children's grandparents and allow them to be part of their children's lives.
• B)People are having children at much younger ages.
• C)Families are living closer today than in the past.
• D)Grandparents today have an increased life expectancy.

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Definitions:

Collective Benefits

Advantages or positive outcomes that are shared and enjoyed by all members of a group or society, not just by the individual who incurred the cost.

Excludable

A characteristic of a good or service that allows owners or producers to prevent others from using it without permission.

Over Supplied

A market condition where the quantity of a good or service available exceeds the quantity demanded at the current price, often leading to a surplus and typically pressure on prices to decrease.

Marginal Cost

The rise in expenses for producing one more unit of a product or service.