Lydia and Bennett Are a Working Couple

question 26

Multiple Choice

Lydia and Bennett are a working couple.Lydia works as an accountant, while Bennett runs a software company out of home.In this scenario, which of the following holds true?

• A) Lydia and Bennett are a two-person single career couple.
• B) Lydia and Bennett play traditional gender roles.
• C) Lydia and Bennett are a dual-earner couple.
• D) Lydia and Bennett are a stay-at-home couple.

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Definitions:

Comparative Advantage

The competence of an individual, firm, or nation to forge a good or render a service with a lower forfeited opportunity compared to others in the market.

Productivity

A measure of the efficiency of production, usually defined as the ratio of outputs produced to inputs used.

Opportunity Costs

The cost of foregoing the next best alternative when making a decision or choosing one option over another.

Opportunity Cost

The financial consequence of rejecting the subsequent optimal choice when deciding.