Of the Following Statements Are True EXCEPT

question 64

Multiple Choice

of the following statements are true EXCEPT:

• A) Only 21 percent of American households consist of married couples with children.
• B) Parents close to retirement typically refuse to allow their parents or children to move in with them-they like their "empty nest" lifestyle.
• C) The increase in unmarried partner households is likely due to the current economic downturn.
• D) Today, most divorced couples choose to remarry rather than remaining in single person households, with or without children.
• E) Currently, many young people are postponing marriage and parenthood.

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Definitions:

Technological Change

The process of innovation and the introduction of new technologies or methods in production, leading to increased productivity.

Ownership Of Scarce Inputs

The possession and control over resources that are limited in nature and necessary for production.

Network Externalities

The effect that one user of a good or service has on the value of that product to other people, where the value increases as the number of users rises.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.