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Study with Quizlet and memorize flashcards containing terms like Disposable income, Reasons for different expenditure patterns, Current expenditure and more.
The value of assets increases. Study with Quizlet and memorize flashcards containing terms like Interest, Dividends and profit, Wages and salaries and more.
Economics: Household behaviors. How much labor to supply, how much to save/spend, how to allocate spending money. Click the card to flip 👆. Three choices all households make.
Children have become economic liabilities Point: Another reason for changes in the sizes of families and households is the change in economic status of children. Explain: During the 19th century, children were seen as economic assets as they could go out to work and earn, however this isn't the case anymore.
Study with Quizlet and memorize flashcards containing terms like Infleunce on spending, How is wealth linked to expenditure, How can income be manipulated to increase expenditure and more.
Quiz yourself with questions and answers for Social Problems Chapter 6 Take Home Quiz (Answers), so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.
Study with Quizlet and memorize flashcards containing terms like Which term refers to the total assets of an individual or household minus liabilities?, Bonnie lives in a small one-room apartment and is able to afford only the necessities.
