Since 1950, the labor force participation rate in the United States
A) of men and women both increased.
B) of men increased and women decreased.
C) of men and women both decreased.
D) of men decreased and for women increased.
D
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Those who engage in the practice of discrimination today are generally quite blatant
Indicate whether the statement is true or false
Answer the following questions true (T) or false (F)
1. If the number of firms producing mouthwash increases and consumer preference for mouthwash increases, the equilibrium price of mouthwash will definitely increase. 2. If the demand curve for a product shifts to the left and the supply curve for the product shifts to the left, the equilibrium quantity will decrease. 3. If the demand for a product decreases and the supply of the same product decreases, the equilibrium price will decrease.
Singapore has a system of traffic regulation called Electronic Road Pricing, in which traffic congestion is reduced by charging motorists who drive into the city center during certain hours of the day. Charging for use of a road is:
A. a quantity restriction, as the system involves charging motorists only if they drive into the city center during "certain hours" of the day. B. a price ceiling that reduces the excess demand for road usage. C. shifting from a third-party-payer-market to one in which individual consumers have to pay for their consumption of road usage, thus seeking to reduce excess demand. D. a price floor that eases the shortage caused by the natural limit to how much roads can be built in a certain geographic area.
Marginal cost can be defined as the:
A. Change in total fixed cost resulting from one more unit of production B. Change in total cost resulting from one more unit of production C. Change in average total cost resulting from one more unit of production D. Change in average variable cost resulting from one more unit of production