Exam 8: Managing Economic Resources

One study found that debt caused the most problems in newlywed marriages,rather than finances in general.

In the United States,as of 2007 the difference in average income for males and females at any given educational level had become negligible.

What does living in poverty mean?

Generally,it is found that rich people are _____ than poor people.

A family's net worth is calculated by adding up all their _____ and subtracting all their _____.

Which of the following is NOT a reason given by economists and other social observers for income differences between women and men in the United States?

Past experiences affect how one manages finances.

People with an individualist worldview typically use resources to better themselves,by doing things such as:

If a family is budgeting their income effectively,they should spend no more than one week's take-home pay on

Before couples divorce,some states may require:

When it comes to stepfamilies,finances may need to accommodate:

"Twenty-somethings" are individuals who know how to avoid credit card trouble after watching their parents struggle with it.

Women have little legal recourse when they are paid lower wages for jobs that require essentially similar skills,even though it is illegal to pay women less for doing the same job.

Even though financial matters are rarely discussed in the dating phase,they are the most commonly discussed topic among married couples.

In 2003,how many people were in poverty?

The phrase living in poverty means living from paycheck to paycheck,with no extra money each month.

Most couples planning to marry find it _____ to talk about financial issues.

When comparing credit cards,what should you look at?

One of the major differences between unhappily married and happily married couples is that happily married couples are much more likely to agree on how to spend money.

The aim of financial resources management is to achieve economic goals and _____ in relationships.