Which of the following is true?
a. The proportion of college degrees earned by women has been virtually unchanged during the last four decades.
b. There was a substantial increase in the earnings of women relative to men in the 1960s and 1970s following the passage of legislation prohibiting employment discrimination against women.
c. The number of women preparing for careers as professionals has declined during the last two decades.
d. In 2010, 57 percent of those completing college degrees were women.
D
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Which of the following is not a determinant of a firm's cost functions?
A) The production function. B) The price of labor. C) The productivity of the firm's capital stock. D) The price of the firm's output.
Contracts can avoid transaction costs
Indicate whether the statement is true or false
One major reason that economists are concerned about unemployment is that
A. unemployment reduces the size of the labor force. B. the economy is producing less output than if there were full employment. C. unemployment always leads to frictional unemployment. D. unemployment shifts the production possibilities curve outward.
Refer to the above table. For which prices is demand elastic?
A. in a range of prices between $5 and $10 B. in a range of prices below $6.50 C. in a range of prices above $6.50 D. in a range of prices above $9.00