In recent years there has been ____ in men's labor force participation rate and ____ in women's labor force participation rate
a. an increase; an increase
b. an increase; a decrease
c. a decrease; an increase
d. A decrease; a decrease
c
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A firm sells a product in a perfectly competitive market. The marginal cost of the product at the current output level of 500 units is $1.50. The minimum possible average variable cost is $1. The market price of the product is $1.25. To maximize profits, the firm should
A. decrease production to less than 500 units. B. increase production to more than 500 units. C. continue producing 500 units. D. shut down.
In equilibrium, consumers will incur costs to signal their type (in markets with adverse selection) only if this results in a price that is lower than the pooling equilibrium price.
Answer the following statement true (T) or false (F)
If the U.S. imposes an import quota on clothing, then the
a. supply of dollars in the market for foreign-currency exchange shifts right. b. supply of dollars in the market for foreign-currency exchange shifts left. c. demand for dollars in the market for foreign-currency exchange shifts right. d. demand for dollars in the market for foreign-currency exchange shifts left.
Suppose the one-year T-bill rate was 5% on 1/1/2007, 4% on 1/1/2008, and 6% on 1/1/2009. The GDP deflator (2004 = 100) was 110 on 1/1/2007, 112 on 1/1/2008, 114 on 1/1/2009, and 120 on 1/1/2010. The tax rate on interest income is 30%.(a)Calculate the nominal after-tax rate of return for 2007, 2008, and 2009.(b)If you began with $1000 on 1/1/2007 and invested in T-bills each year (paying taxes at the end of each year), how much would you have in nominal terms on 1/1/2010? How much would you have in real terms (2004 dollars)?(c)How much was your nominal after-tax interest earned in part (b) over the three years? How much did you earn in real (2004) after-tax dollars?
What will be an ideal response?