Rising real wages for women in the U.S. workforce since the 1960s have:
A. Reduced access to job opportunities for women
B. Increased the opportunity cost of staying at home
C. Led to a rise in the number of lifetime births per woman
D. Reallocated labor resources from urban to rural areas of the nation
B. Increased the opportunity cost of staying at home
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The marginal revenue curve for a perfectly competitive firm is
A) an upward sloping curve. B) a downward sloping curve. C) a horizontal line. D) None of the above answers is correct.
In the presence of a positive externality, public policy aims to increase quantity beyond the private optimum
Indicate whether the statement is true or false
In the calculation of real GDP, the value of goods and services is measured in the current prices for each year.
Answer the following statement true (T) or false (F)
In 2011, state and local government education spending was more than five times highway spending
a. True b. False Indicate whether the statement is true or false