The "Empty Nest" Refers to the Situation in Which a Divorce

question 9

True/False

The "empty nest" refers to the situation in which a divorce occurs and the husband (or wife) is left with no children to care for, since they live with the "other" parent.

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Definitions:

Opportunity Costs

The value of the foregone alternative when a decision is made; essentially, the cost of choosing one option over another.

Production Possibilities Curve

A graphical representation showing the maximum possible output combinations of two goods that can be produced with available resources and technology.

Society's Resources

The assets, both natural and human-made, available to a society for producing goods and services.

Production Possibilities Curve

A curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.