Which of the Following Statements About the Family Life Cycle

question 101

Multiple Choice

Which of the following statements about the family life cycle is most accurate?

• A)The majority of households today are composed of traditional families.
• B)Income and gender are two of the variables considered in the family life cycle.
• C)Young singles represent a target market for recreational travel, automobiles, and consumer electronics.
• D)Single divorcees are more likely to buy life insurance than any other group.
• E)The most financially secure group of any family life cycle stage is single parents with children.

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Definitions:

Resources

are assets, materials, or substances that are valuable for their utility in producing goods, providing services, or supporting life.

Esther Duflo

A French-American economist known for her research in development economics and for being the youngest person and the second woman to receive the Nobel Prize in Economic Sciences.

Abhijit Banerjee

An Indian-American economist who, along with Esther Duflo and Michael Kremer, won the Nobel Prize in Economic Sciences in 2019 for their work in development economics.

Extremely Poor

Individuals or households whose income level is significantly below the poverty line, making it difficult to meet basic needs.