The ____ participate in the labor force to a greater extent than do the ____
a. very young; middle-aged and very old
b. middle-aged; very young and very old
c. very old; very young and middle-aged
d. very young and very old; middle-aged
b
You might also like to view...
A compensated demand curve contains no
a. income effects. b. substitution effects. c. price elasticity. d. income compensation.
Which of the following is a reason why we should consider the federal national debt a problem?
A) If the debt was incurred to finance research and development, crowding out will occur. B) If the debt drives up interest rates, crowding out will occur. C) The federal government is in danger of defaulting on its debt. D) If the debt was incurred to finance improvements in infrastructure, crowding out will occur.
Recall the Application about the free-agent market for professional baseball pitchers to answer the following question(s).Recall the Application. The market for baseball players suffers from adverse selection because ________ the used car market, buyers (potential new teams) ________ goods (pitchers) that are lemons (low quality).
A. unlike; have difficulty identifying B. like; have difficulty identifying C. unlike; can more easily identify D. like; can more easily identify
Refer to the information provided in Table 8.7 below to answer the following question(s).
Table 8.7 
Refer to Table 8.7. Assume that fruit baskets are sold in a perfectly competitive market. The market price of a fruit basket is $22. To maximize profits, Exotic Fruit should sell ________ fruit baskets and their profit is ________.
A. three; $5 B. four; $7 C. five; $14 D. six; $14