In the past dating was a fairly simple activity in the United ...

[JGIBBSON]

In the past dating was a fairly simple activity in the United States. If there was someone you wanted to go out with you would call them or ask them to go out for dinner and a movie.
 
  Nowadays it appears that many people are willing to pay large amounts of money to professional dating services to find a compatible mate. This idea is not a new one but it has increased quite dramatically in popularity. What does this suggest about what kind of good dating services might be and why? Are we likely to find this type of service be more or less prevalent in poorer countries?

Question 2

As a result of the 2007-2009 financial crisis, which two firms became bank holding companies, allowing them to engage in commercial banking activities?
 
  A) Lehman Brothers and Merrill Lynch B) Freddie Mac and Fannie Mae
  C) Morgan Stanley and Goldman Sachs D) Enron and WorldCom

[ntsoane kedibone]

Answer to Question 1

The country has become much richer over the past few decades and even though people want to date just as much today as they always have, the fact that they have more disposable income that they can use to pay someone else to find them a date probably means that dating services are a normal good. As a consequence this is likely to be a less prevalent practice in poorer countries where there are lower incomes and a decreased ability and willingness to pay.

Answer to Question 2

C