Between 1960 and 2010, the labor force participation rate for women
A) increased until about 1996.
B) decreased in most years.
C) did not change.
D) first rose sharply and then, after 1996, fell equally sharply.
E) did not change until 1992, after which it generally increased.
A
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Which of the following is NOT a significant cost that a barter system imposes on an economy?
A) Many prices must be maintained for each good. B) Only agricultural goods may be traded. C) Specialization of labor is hindered. D) The costs arising from the problem of finding two people who each want what the other produces.
The net present value of $1,000 received one year from now will
a. increase with the interest rate. b. exceed $1,000 as long as the interest rate is positive. c. exceed the net present value of $1,000 to be received two years from now. d. equal $1,100 if the current interest (discount) rate is 10 percent.
Prices that adjust nearly on a daily basis are:
A. custom prices. B. auction prices. C. sticky prices. D. heavy prices.
An increase in the capital stock
A. can increase output, but only if it is accompanied by an increase in the labor force. B. cannot increase output, even if it is accompanied by an increase in the labor force. C. provides valuable services directly, but not indirectly. D. can increase output, even if it is not accompanied by an increase in the labor force.