One explanation for the change in the participation rate of married women in the U.S. labor force is that:
Answer: The rapid growth in the service sector has increased job opportunities for women.
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The private sector balance equals
A) saving minus investment. B) net taxes minus government expenditures. C) investment minus saving. D) net taxes plus government expenditures. E) saving plus investment.
Refer to Figure 17-6. Salespeople would be indifferent to the two pay schemes if their monthly sales were
A) less than 20 vacuum cleaners. B) between 20 and 30 vacuum cleaners. C) between 30 and 45 vacuum cleaners. D) more than 45 vacuum cleaners.
Assuming that good "x" is measured on the x-axis and good "y" is measured on the y-axis, if the utility for the two goods "x" and "y" can be measured as U = y, then it can be concluded that
A) "x" and "y" are perfect complements. B) "x" is a "bad". C) the indifference curves on the x,y graph are upward sloping. D) the indifference curves on the x,y graph are horizontal.
Joe works for an environmental agency. Every day he chooses to fill his reusable water bottle and bring it to work instead of bringing in a plastic disposable water bottle each day. Joe most likely derives utility from:
A. the taste of water from his reusable water bottle. B. the knowledge that he is doing something good for the environment by not using plastic water bottles. C. the knowledge that others in his firm observe his environmentally-friendly choice of water bottle. D. Joe likely derives utility from all three of these sources.