Which of the following describes actual trends in the U.S. labor force participation rate?
A) The labor force participation rate of adult men has risen since 1950.
B) The labor force participation rate of adult women has fallen since 1950.
C) The labor force participation rate of adult men not in school, but too young to retire has risen since 1950.
D) The labor force participation rate of adult women has risen since 1950.
E) The labor force participation rate of all adults has fallen since 1950.
Answer: D
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The aggregate production function is bowed or concave because
A) of the diminishing marginal returns of labor. B) restriction in capital mobility. C) of the speed of payment systems. D) the learning curve for labor.
If business opportunities in a country become relatively less attractive relative to those of other countries, then
a. both its net exports and net capital outflows fall. b. both its net exports and net capital outflows rise. c. its net exports fall and its net capital outflows fall. d. its net exports rise and its net capital outflows fall
Which of the following approaches will help traditional American companies operating in countries like China to protect intellectual property rights?
A. avoiding negotiation and alternative dispute resolution B. complaining to the U.S. government and World Trade Organization C. expecting the home country to actively police their intellectual property D. using IP without registering it with the appropriate agencies in United States E. not engaging local representation
Toby sells wheat in a perfectly competitive market. The demand curve for Toby's wheat is:
A. horizontal. B. vertical. C. downward sloping. D. U-shaped.