Nonmarital Pregnancies Continue to Be High in the United States

question 122

Multiple Choice

Nonmarital pregnancies continue to be high in the United States despite the fact that:

• A) marriages are less expensive.
• B) men are playing a larger role in out-of-wedlock pregnancies.
• C) abortions are on the rise.
• D) contraceptives are more readily available.

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Definitions:

Monopolistic Competition

A market structure characterized by many firms offering products that are similar but not perfect substitutes, allowing for some degree of market power.

Pure Competition

A market structure characterized by a large number of sellers and buyers, homogeneous products, and the ease of entering and exiting the market.

Product Differentiation

The process of distinguishing a product or service from others, to make it more attractive to a particular target market.

Monopolistically Competitive

A market structure characterized by many sellers offering differentiated products, allowing for some degree of market power.