Which of the following has not occurred in the United States over the last two decades?
A. A fall in real wages
B. An increase in labor-force participation
C. Growth in service sector employment
D. A decrease in the wage differentials between colleges grads noncollege grads.
Answer: D
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Which of the following statements identifies a correct reason for demographic transition?
A) The increase in migration of labor from urban to rural areas reduces fertility. B) Transition from a rural economy to an urban economy reduces income below subsistence that reduces fertility and the size of families. C) The cost of rearing children is comparatively lower for urban families in comparison to rural families. D) The dependence on child labor is negligible in urban families in comparison to rural families.
In a world with money and bonds only
A) it is not risky to hold money. B) it is risky to hold money. C) risk is an important factor in the demand for money. D) there is no relationship between risk and holding money. E) assets become meaningless.
All the supply of peppermint oil is produced from mint plants grown in one county by several competitive growers (the number of growers is not limited). The quality of land in the county varies greatly
Would you expect the long-run market supply curve to slope upward, downward, or remain constant? Why?
Per capita income is calculated as:
a. national income divided by number of households. b. national income divided by number of people. c. number of households divided by national income. d. number of people divided by national income. e. number of people divided by domestic income.