Which of the following is TRUE?
A) Child labor is most common in urban areas.
B) Child labor is most common in the textile industry.
C) Child labor is most common in production aimed at export markets.
D) If child labor were stopped, families would have greater economic success.
E) Agriculture is the main industry using child labor.
E
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Suppose an economy of five people has a national income of $100,000 . and each individual earns $20,000 . The Gini coefficient for this economy is
a. one b. zero c. between 1.0 and 0.5 d. between 0 and 0.5 e. not enough information is given
Which one of the following groups has a below-average incidence of poverty?
a. persons who are divorced or separated from their spouse b. families headed by a female c. persons 18 to 24 years of age d. married-couple families
An example of offshoring is when a foreign country sets up operations in the United States and employs American employees
Indicate whether the statement is true or false
The "home" equilibrium will provide the highest level of consumer satisfaction from domestic resources whenever:
a. the marginal products of labor are equal. b. capital and technology are not factors in the decision of what to produce. c. perfect competition in product and labor markets exists. d. Adam Smith's "invisible hand" is not an interfering factor.