--%>
Assignment Help - homework help

Married men on average earn more income

Studies indicate that married men on average earn more income than unmarried men of the same age?

E

Expert

Verified

Correlation does not necessarily mean that there is causation.  The relationship might be entirely coincidental/dependent on various other factors which is not incorporated in the analysis.  It is also possible that higher income is the variable that “causes” marriage.

   Related Questions in Business Economics

  • Q : The market system provides such a

    Explain the statements: The market system provides such a variety of desired goods and services precisely.

    		•
  • Q : What are the benefits and costs of

    What are the benefits and costs of Marginalism?

    		•
  • Q : Affluence tomorrow requires sacrifice

    Explain:  “Affluence tomorrow requires sacrifice today.”

    		•
  • Q : When are transaction costs to ultimate

    Transaction costs to ultimate consumers are reduced if: (w) consumers travel long distances to buy directly from manufacturers quite than buying the goods at local retail stores. (x) intermediaries generate income while conveying goods from manufactur

    		•
  • Q : Depreciation of the euro change the

    If the European euro declines in value (depreciates) in the foreign exchange market, would it be easier or harder for the French to sell their wine in the United States?  Suppose you were planning a trip to Paris.  How would the depreciation of the euro chan

    		•
  • Q : Distinguish between the resource market

    Distinguish between the resource market and product market in the circular flow model.  In what way are businesses and households both sellers and buyers in this model?  What are the flows in the circular flow model?

    		•
  • Q : Examples and Applications of

    What are the Examples and Applications of International Trade?

    		•
  • Q : Demand supply Newspaper item: “Due to

    Newspaper item: “Due to lower grain prices, consumers can expect retail prices of choice beef to begin dropping slightly this spring with pork becoming cheaper after midsummer,” the Agriculture Department predicted. “This reflects increasing supply,” the department said. Does the statement use th

    		•
  • Q : Explanation of theory of pricing for

    The theory of pricing for particular goods explained in Adam Smith’s Wealth of Nations is most consistent along with: (1) mercantilist doctrine. (2) Richard Cantillon’s distinction between “value in

    		•
  • Q : Market Economy Define the term Market

    Define the term Market Economy and also state its advantages and disadvantages?

    		•