Surveys Find That Married People Report Being Happier, on the Average

question 161

Multiple Choice

Surveys find that married people report being happier, on the average, than unmarried people. What conclusion, if any, do these results justify?

• A) Marriage generally helps people to become happy or stay happy.
• B) Happy people are more likely than unhappy people to get married.
• C) People of certain ages and backgrounds are more likely than other people to get married and to be happy.
• D) These results do not support any cause-and-effect conclusion.

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Definitions:

Producer Surplus

The discrepancy between what sellers are prepared to take for a product or service and the actual payment they get in the marketplace.

Efficiency Loss

The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is not achievable.

Franchising

A business model that allows individuals or entities to operate a portion of a larger company's brand or system in exchange for fees and adherence to the company's policies.

Fast-Food Restaurants

Fast-food restaurants are eateries that offer quick service and a menu of food items that are prepared and served quickly to the customer, typically at lower cost.