The change in the labor force participation rate of married women in the US is often explained by
A) declining productivity in agricultural production.
B) a rise in average household size.
C) increased education and an increased demand for labor.
D) the decreased opportunity cost of working in the home.
E) declining productivity in household production.
Answer: C) increased education and an increased demand for labor.
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Recall the Application about the Fed's policy of quantitative easing to answer the following question(s). This Application refers to quantitative easing, a policy that occurs when the Fed:
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The demand curve of a perfectly competitive firm is vertical.
Answer the following statement true (T) or false (F)
Exhibit 4-8 Demand and supply curves
In Exhibit 4-8, a movement from A to B is best explained by:
A. an increase in income and in the number of suppliers. B. an increase in the price of other goods. C. an increase in the population. D. a decrease in income if X is a normal good and an improvement in the technology used to produce the good.