The resources each spouse brings to a marriage include________________?
Correct answer: D. all of the above
- A. income
- B. the ability to earn income
- C. occupational prestige
- D. all of the above
Explanation
Marriage combines several resources, not just current income: each spouse may contribute earning capacity and occupational status as well. Therefore all three listed items are included.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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