Which of the following would NOT be a factor that has contributed to the rising female labor force participation rate?
A) greater access to training
B) greater access to education
C) increasing family size
D) reduction of barriers to competing with men for jobs
C
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The activities in which U.S. workers are relatively more productive
A) pay higher wages. B) are those in which the United States has a comparative advantage. C) are at risk of disappearing from the United States when NAFTA is completed. D) Both answers A and B are correct.
The table above shows some of the costs for a perfectly competitive firm. The firm will produce 9 units of output if the price per unit is
A) $1750. B) $200. C) $300. D) $500.
Suppose that Carol owns a property with a mineral spring. It costs zero for Carol to sell water to customers since buyers come to her property and bring their own bottles and fill them themselves. If Carol wants to maximize her profits from the sale of her mineral water, she should choose the output level
A. where the demand curve for water hits the vertical axis. B. where demand is inelastic. C. where demand is unit elastic. D. demand is exhausted.
The idea that changes in investment and changes in national income are mutually reinforcing is the foundation of
a. the sunspot theory b. the war-induced cycle c. the housing cycle d. the innovation cycle e. internally generated cycles