The largest major change in the U.S. labor force participation rate during the last few decades has been
A. the increase in the number of working women.
B. the number of prisoners dropping out of the labor force.
C. the decrease in the number of working women.
D. the increase in the number of illegal immigrants in the United States.
Answer: A
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Assume that James owns a wheat farm that produces an annual crop of 500 bushels. His only choice is to store it in a nearby grain elevator owned by Martin, whose facility will be empty unless James is using it. Martin contracts with James to provide storage at $5 per bushel every month. In this example James and Martin are in:
a. probabilistic positions. b. asymptotic positions. c. hypothetical positions. d. symmetric positions.
If over the next year the inflation rate in the euro area is higher than the inflation rate in Japan, then the euro should depreciate relative to the Japanese yen
a. True b. False Indicate whether the statement is true or false
If a monopoly lowers its price, its
a. total revenue must increase. b. total revenue must decrease. c. marginal revenue must increase. d. marginal revenue must decrease.
More than 90 percent of the privately insured, nonelderly population in the U.S. receives group coverage through the workplace. Which one of the following statements is not true about employer-sponsored insurance (ESI) in the U.S.?
a. The workplace is an ideal setting for risk pooling; workers are typically healthier than non-workers are. b. Group coverage provides administrative savings. c. Employees will not purchase insurance voluntarily. The employer must be involved. d. ESI receives favorable tax treatment when the employer pays the premium.