According to the Text, Which of the Following Is NOT

question 85

Multiple Choice

According to the text, which of the following is NOT true in reference to marriages and cohabitation?

• A)Married couples are contractually bound whereas cohabiting couples are not.
• B)Cohabiting couples have a large and supportive kinship network whereas married couples are restricted to a smaller network of family members.
• C)Marriage is a social institution whereas cohabitation is not.
• D)Cohabiting couples face fewer penalties for ending their relationship than do married couples.

---

Definitions:

Economic Adjustments

Shifts in economic policies or market conditions that lead to changes in allocation of resources, production, and pricing.

Long-Run Equilibrium

A state in which all factors of production and costs are variable, and firms make no economic profit or loss over time.

Marginal Cost

The enhanced cost due to the creation of one more unit of a product or service.

Least-Cost Combination

is an economic principle where firms seek to produce a given level of output at the minimum cost by choosing the optimal mix of inputs or factors of production.