How does the labor force participation rate of women compare to that of men in the United States?
A. The labor force participation rates between the two groups is about the same.
B. Women participate less than men when young (20-34 years old) but at the same rate as men in later years (35-54 years old).
C. Men participate less than women at all ages.
D. Men participate less than women when young (20-34 years old) but at the same rate as women in later years (35-54 years old).
E. Women participate less than men at all ages.
Answer: E
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Figure 4.4 illustrates the supply of tacos. An increase in the price of ground beef, which is used to make tacos, would most likely cause a movement from
A) point a to point b. B) point c to point b. C) S2 to S1. D) S0 to S1.
Using the above table, if the price of Pepsi is $3, how many cans of Pepsi would have to be consumed in order to have a marginal utility to price ratio of 3?
A) one can
B) two cans
C) three cans
D) four cans
Suppose the reserve ratio is RR. Then
A) required reserves = RR × deposits. B) required reserves = RR × loans. C) required reserves = RR × actual reserves. D) required reserves = RR × excess reserves.
What factor might lead to the opening of several new pizzerias in a town?
(A) The supply of pizza is inelastic. (B) The price of a slice of pizza has gone up. (C) The price of a slice of pizza has gone down. (D) The cost of producing pizza has doubled.