Which of the following is one of the chief reasons for the change in the participation rate of married women in the U.S. workforce?
The opportunity cost of household work has increased.
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What is the accelerator theory of investment spending?
What will be an ideal response?
If the marginal productivity of labor was the sole determinant of household income in the U.S., then
a. no households would be poor according to the official government definition of poverty. b. no households would be poor according to a relative definition of poverty. c. the distribution of income would be unequal. d. every household would have sufficient income to meet biological needs.
When the Fed sells a security to a financial firm and the Fed agrees to buy back the security the next day, the transaction is known as
A) a repurchase agreement. B) a reverse repurchase agreement. C) an open market flip-flop. D) a federal funds swap.
Assume the total product of two workers is 130 and the total product of three workers is 150. The average product of three workers is ________, and the marginal product of the third worker is ________.
A. 40; 10 B. 120; 100 C. 13.33; 6.67 D. 50; 20