Related to the Economics in Practice on p. 447: In the U.S. from 1955 to 1996, the labor force participation rate increased for ________ and decreased for ________.
A. men; women
B. white men; African American men
C. women; men
D. African American women; white women
Answer: C
You might also like to view...
If both the production of goods and services increase and prices rise, then the change in nominal GDP
A) definitely understates the change in production. B) definitely accurately reflect the change in production. C) definitely overstates the change in production. D) either understates or might accurately reflect the change in production. E) More information is needed to determine how the change in nominal GDP compares to the change in production.
The greater the marginal propensity to consume in the economy, the smaller the spending multiplier
a. True b. False Indicate whether the statement is true or false
When would sunk costs be irrelevant for current decision making?
a. when the sunk costs are computed using accounting methods b. when the sunk costs are greater than variable costs c. when the sunk costs have been incurred only a short time ago d. Sunk cost are always irrelevant when making current decisions.
The federal budget deficits of the 1980s
A. are about the same as those of earlier decades. B. caused the government debt to increase in absolute terms but not as a percent of GDP. C. were due to the persistent recession that occurred throughout the 1980s. D. were caused by rising expenditures and tax cuts.