11.____ have the highest median family incomes.
a.Male householders with no wife present
b.Female householders with no husband present
c.Married couple households
d.Cohabiting couple households
12.The American family is:
a.society's main production unit.
b.the major distribution unit of society.
c.no longer an important economic unit.
d.a consuming unit.
13.Newlywed couples are likely to experience a:
a.slight decline in their standard of living.
b.drastic decline in their standard of living.
c.small rise in their standard of living.
d.major increase in their standard of living.
14.Which of the following exerts the great economic influence?
a.singles
b.families
c.agriculture
d.television
15.Most young people start down the road to continued debt by purchasing:
a.automobiles.
b.clothes.
c.electronic items.
d.entertainment expenses.
16.A key component for maintaining control of your economic life is:
a.earning more.
b.planning.
c.good relationships.
d.consumer counseling.
17.Most bankruptcies are caused by:
a.rising debt.
b.gambling on big investments.
c.divorce.
d.acute recessions.
18.Most couples who go bankrupt are:
a.super rich.
b.millionaires.
c.upper-middle class.
d.lower- and middle-class.
19.Consumer counseling agencies help clients who are having financial troubles by:
a.providing low interest loans.
b.guiding them toward better money management.
c.issuing debit cards.
d.representing them in bankruptcy court.
20.Families heading toward serious financial problems are likely to exhibit all of the following characteristics
EXCEPT:
a.lack of retirement planning.
b.too many liquid assets.
c.a strong belief that the problem will disappear.
d.no regular savings plan.