Using your own words, complete the following. You may use the textbook and other sources for information but the answers should be in your own words–not copied and pasted. Remember to properly cite and reference any sources used.
Part 1
- How do we learn about the meaning of money?
- Define behavioral economics.
- Discuss what happens when we buy with credit cards.
- How does the feeling of power influence savings?
- Does money equal happiness? Explain.
- What are the main physical changes of aging?
- What are the socioeconomic implications of aging?
- Explain what the third age is.
- What are some keys to a successful retirement?
- What factors contribute to people’s ability to cope with loss?
Part 2
- What is an opportunity structure and why is it important?
- How is the United States changing in the demographics? How does this look for the different age groups?
- Identify the various ways in which an individual can identify as to gender.
- Name three different kinds of present-day prejudice.
- Explain the digital divide.
