The total U.S. labor force participation rate increased over the past 50 years because
A) the female labor force participation rate increased.
B) more men are retiring early.
C) fewer women are attending college.
D) many blue-collar jobs with rigid work hours have been created in the last decade.
E) the male labor force participation rate increased.
A
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The above figure shows two Lorenz curves. Suppose both Lorenz curves measure wealth. Then, the curves show that wealth is
A) greater along Lorenz curve A. B) greater along Lorenz curve B. C) distributed more equally along Lorenz curve A. D) distributed more equally along Lorenz curve B.
The alteration of exchange rates to move the economy to internal and external balance may lead to all EXCEPT
A) a balance of payments crisis. B) changes in the terms of trade. C) changes in the level of imports or exports. D) changes in interest rates. E) a guaranteed unilateral improvement in economic wealth.
What is the relationship between marginal cost and marginal product?
a. The two are not related. b. When marginal product increases, marginal cost increases. c. When marginal product increases, marginal cost falls. d. When marginal product is negative, marginal costs are negative. e. When diminishing marginal returns set in, marginal costs fall.
If Australian tourists visit Grand Canyon National Park, what is the effect in the foreign exchange market?
a. It will increase demand for U.S. dollars. b. It will decrease demand for U.S. dollars. c. It will increase supply of U.S. dollars. d. It will decrease supply of U.S. dollars.