The Norms for Marriage Have Become Weaker,leaving It to Be

question 24

Multiple Choice

The norms for marriage have become weaker,leaving it to be considered more optional.Andrew Cherlin calls this:

• A) marriage diversity.
• B) the deinstitutionalization of marriage.
• C) the cohabitation trend.
• D) the decline of marriage ethics.

Identify the roles and responsibilities of economists in various governmental departments.

Recognize the appropriate graphical representation for different types of economic data.

Understand the consensus and disagreements among economists on key economic propositions.

Analyze how differences in values and scientific judgments can lead to conflicting advice from economists.

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Definitions:

Loss on Disposal

A financial loss that occurs when an asset is sold for less than its carrying amount on the books.

Gain on Disposal

The profit earned from selling a capital asset for more than its book value.

Straight-line Method

A method of calculating depreciation of an asset, dividing the difference between its cost and salvage value by the total number of years it is expected to be in use.

Salvage Value

The expected financial return on an asset at the time of its disposal after its serviceable life has concluded.