Which of the following statements is most accurate about women's involvement in the labor force?
a. Over half of the women who entered the labor force between 1940 and 1944 had dropped out by 1950.
b. Between 1940 and 1950 the number of women employed in the labor force dropped.
c. After World War II, the supply of young married women available to work increased.
d. Women made their largest gains in employment in the service and agricultural sectors.
a. Over half of the women who entered the labor force during World War II had dropped out by 1950.
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GDP would be a better measure of economic well-being if it included:
A. the value of leisure. B. the market value of final goods. C. the total value of intermediate goods. D. the costs of education.
For this tax schedule, what is the marginal tax rate for an individual with taxable income of $49,000?
a. 0% b. 10% c. 25% d. 35%
People who run their own businesses
A) can keep their labor costs down by not hiring any employees. B) have lower labor costs if they dislike working for anyone else than if they don't mind working for others. C) have no labor costs unless the business is incorporated. D) have the same labor costs as people who hire employees to run their businesses.
A decrease in the marginal factor cost of labor will
A) lead to an decrease in the quantity demanded of labor. B) induce a firm to hire fewer workers. C) induce a firm to hire more workers. D) cause the value of the marginal product of labor to decrease.