According to the U

question 41

Multiple Choice

According to the U.S.Census,the number of single adults living with their parents has ________ since 1970.

• A)increased
• B)decreased
• C)stayed about the same

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Definitions:

X-Inefficiency

The difference between efficient behavior of businesses assumed or required by economic theory and their observed behavior in reality, often as a result of a lack of competitive pressure.

Winner-Takes-All Market

A market in which the dominant player captures almost all of the market share and benefits, leaving very little for other competitors.

Marginal Revenue Product

Incremental income earned by utilizing one more unit of a resource, like labor or capital.

Media Hype

The excessive promotion or sensationalism of news stories, products, or events in the media.