Based on a Study by Kreider and Ellis in the Year

question 57

Multiple Choice

Based on a study by Kreider and Ellis in the year 2011, which of the following is true of divorces?

• A) Despite the high divorce rate, most people aren't disillusioned about marriage.
• B) More than 95 percent of the divorcees do not remarry as they report having lost faith in the institution of marriage.
• C) If the couple is married for one to two years then they can apply for an annulment instead of a divorce.
• D) By the age of 50, only five percent of U.S.adults are divorced.
• E) No-fault divorces are not considered as divorces.

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Definitions:

Weak Axiom

A less stringent rule or principle that is accepted as valid, often used in economic theories to make assumptions about consumer behavior.

Revealed Preference

An economic concept suggesting that the choices consumers make reflect their preferences, assuming that their decisions will maximize their satisfaction.

Prices

The amount of money required to purchase goods or services, often determined by supply and demand dynamics.

Preferences

In economics, preferences refer to the ranking or order of different alternatives or goods based on their desirability by individuals or entities.