Carl's Mother Is a Single Parent

question 32

Multiple Choice

Carl's mother is a single parent. Carl and his mother live with his grandmother, who has taken on the role of a surrogate parent to him. Carl

• A)would be better off if his grandmother took a less active role in his upbringing.
• B)is more likely to become involved in drug use and vandalism than a child living alone with a single-parent.
• C)is likely to resemble children living in two-parent families more than children living in single-parent families.
• D)is likely to have lower achievement than he would if they did not live with his grandmother.

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Definitions:

Labor Supply Curve

The graphical representation of the relationship between different levels of wage and the quantity of labor willing to be supplied.

Monopsony

A market situation where there is only one buyer facing many sellers.

Economic Rent

Earnings exceeding the minimum amount required to keep a factor of production in its current use.

Factor Supply

The total amount of various inputs (like labor, capital, and natural resources) available in the economy for production processes.