The greater demand for paid childcare services as women's labor force participation increases represents primarily:
A. no change in economic activity.
B. a switch from non-market to market production.
C. a switch from market to non-market production.
D. a decrease in economic activity.
Answer: B
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Indirect stock ownership means that a person
a. buys stocks through a stockbroker b. puts money into financial intermediaries that buy stocks c. has a friend buy stocks so that the IRS won't know about it d. puts money into a partnership rather than a corporation e. buys bonds instead of stocks when the interest rate is high
Which of the following statements uses the term ceteris paribus correctly?
A) In economics, there are numerous theories, ceteris paribus. B) New York City is a major American city, ceteris paribus. C) The price of pineapples is low in Hawaii, ceteris paribus. D) The more ice cream you eat, the more weight you will gain, ceteris paribus. E) none of the above
In addition to generating more output, economic growth can also contribute to:
A. Improved health for workers. B. Increased unemployment for workers. C. Decreased productivity. D. A more equitable distribution of output.
The second-order condition for a firm maximizing its profits operating in a perfectly competitive market is:
A. ? (dMC/dQ) < 0. B. (d2?/dQ2) < 0. C. ? (d2C(Q)/dQ2) < 0. D. All of the statements associated with this question are correct.