Over the last 50 years, in the United States the labor force participation rate for women ________, the labor force participation rate for men ________, and the over-all labor force participation rate ________
A) increased; decreased; increased
B) did not change; increased; increased
C) increased; decreased; did not change
D) decreased; increased; increased
E) increased; did not change; increased
A
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Which of the following is considered investment?
A) Johnny buys a new car for his wife as an anniversary gift. B) James purchases a new car to replace an old car in his cab business. C) Maina purchases a new car for commuting to and from work. D) Jane purchases a new car for commuting to and from school.
Using Scenario 1 what is the maximum grade you could earn in any one course? If you wanted to earn a grade of 90 in French but no better than a 70 in economics are you operating on your budget constraint? Why or why not?
What will be an ideal response?
Sarah and Andrew are two traders in a pure exchange economic with two goods, Bikes (B) and Computers (C). Sarah's preferences are described by the Cobb-Douglas Utility function:
US = BS1/3CS2/3 Andrew's preferences are given by: UA = BA1/2CA1/2 Assume the price of Bikes is 1 and the price of computers is p. The initial endowments are BA = 10, BS = 20, CA = 20 and CS = 10. Solve for the competitive equilibrium prices (relative prices) and quantities.
Given the expected price level, policies for reaching potential GDP will work best if the money supply is: a. large, so that prices at potential GDP are below expectations and people can afford to buy enough goods to support the natural level of employment. b. large enough, so that prices at potential GDP are above expectations and firms can afford to hire workers. c. small, so that prices at
potential GDP are below expectations and people can afford to buy enough goods to support the natural level of employment. d. small, so that prices at potential GDP are above expectations and firms can afford to hire the workers. e. exactly the size that makes prices equal to the prices people expected to prevail.