Quiz on the Economic Functions of Family and Marriage

What is one impact of economic strain on marital quality?

• Increased work-family conflict

• Stronger family bonds

• Improved communication

• Higher income levels

How do economic factors affect relationship quality?

• They improve relationship quality

• They only affect married couples

• They impact married and cohabiting couples differently

• They have no effect

What should be considered before getting married?

• Social media presence

• Personal hobbies

• Family traditions

• Income and financial position

Which economic theory is NOT mentioned in relation to marriage?

• Game theory

• Loss aversion

• Moral hazard

• Supply and demand

What does the economics of marriage suggest about the decision to work?

• It is irrelevant to marriage

• It is determined by family size

• It is based on a comparison between wages

• It is based on personal preference

What is a consequence of economic instability for families?

• Increased family vacations

• Improved family routines

• Enhanced parenting skills

• Hardship for low-income families

What is one of the key economic functions of the family?

• Cultural preservation

• Religious guidance

• Consumption unit

• Political influence

How do families act as a production unit?

• By managing government resources

• By investing in stock markets

• By producing goods for their own consumption

• By creating social policies

What role do families play in human capital development?

• Providing entertainment

• Nurturing and educating children

• Organizing community events

• Conducting scientific research

How do families manage risk?

• By avoiding financial decisions

• By providing mutual insurance

• By relying solely on government support

• By investing in high-risk stocks