According to 2014 data on the U.S. population, which of the following was correct for the adult population of prime working age, ages 25-54?
a. Black females had higher labor-force participation rates and lower unemployment rates compared to white females.
b. Black females had similar labor-force participation rates and higher unemployment rates compared to white females.
c. Black females had both lower labor-force participation rates and lower unemployment rates compared to white females.
d. Black females had lower labor-force participation rates and higher unemployment rates compared to white females.
b
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Which of the below outcomes is the result of a Nash equilibrium in pure strategies for the game in Scenario 13.10?
A) -5, 5 B) 10, -10 C) 8, -8 D) 0, 0 E) There is no pure strategy equilibrium in this game.
Monopolistic competition is characterized by
A) relative ease of entry into the market. B) a standard, undifferentiated product. C) persistent long-run economic profits. D) production at minimum average cost in the long run.
Suppose that an economy grows by 4 percent, total factor productivity grows by 3 percent, and the labor force increases by 6 percent. If labor and capital are the only inputs and labor contributes 40 percent to GDP, then the stock of capital must have _____
a. fallen by 5% b. fallen by 3.33% c. fallen by 2.33% d. risen by 3% e. risen by 1.8%
If goods A and B are perfect substitutes, then the marginal rate of substitution of good A for good B is constant
a. True b. False Indicate whether the statement is true or false