Looking Ahead Fifty Years, Predict the State of the U

question 15

Essay

Looking ahead fifty years, predict the state of the U.S.family.As you see it, how will families differ from how they are today? In what ways will they be the same? Consider factors such as the popularity of marriage, the likelihood of divorce, the number of children people will have, gender differences in marriage, and the need for caregiving

Explain the impact of technology, like ATMs, on resource demand and employment.

Understand the concept of least-costly and profit-maximizing combinations of resources and their impact on profits.

Recognize how elasticity of resource demand is measured and the factors that affect it.

Differentiate between derived demands for labor and other types of resource demands.

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Definitions:

Social Contagion

The phenomenon where attitudes, behaviors, or emotions spread through a group or community, often unconsciously.

Social Loafing

Each person’s tendency to exert less effort in a group because of reduced accountability for individual effort.

Group Polarization

The tendency for a group's prevailing attitudes or beliefs to become more extreme after discussing them as a group.

Social Facilitation

Improvement in an individual’s performance because of the presence of others.