Over the past 50 years, the U.S. labor force participation rate has decreased for
i. men.
ii. women.
iii. the over-all labor force.
A) ii and iii B) i, ii, and iii C) i and iii D) ii only E) i only
E
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"Everybody has a comparative advantage in something." Do you agree or disagree? Why?
What will be an ideal response?
Which of the following represent the Federal Reserve's most important responsibilities?
a. Supervise and regulate banks. b. Issuing paper currency. c. Printing paper currency. d. Both (a) and (b) e. Deciding the maximum rate banks can charge for loans.
Unemployment compensation is an example of a(n)
a. discretionary stabilizer b. countercyclical stabilizer c. cyclical stabilizer d. labor stabilizer e. automatic stabilizer
In the treatment of American exports and imports, national income accountants
A. subtract exports, but add imports, in calculating GDP. B. subtract both exports and imports in calculating GDP. C. add both exports and imports in calculating GDP. D.add exports, but subtract imports in calculating GDP.