Which of the following groups has had declining labor force participation over the last 30 years?
a. Women
b. Men
c. Teenagers
d. Americans
c
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According to the short-run Phillips curve, the cost of reducing unemployment is an increase in the rate of inflation.
Answer the following statement true (T) or false (F)
Clint, Lee and Eli are the only three residents of the village of Fantasma. They are considering whether to construct a hiking trail in the mountains surrounding the village. Because congestion on the trail is unlikely, it would be nonrival. Clint values the trail at $300 per month, Lee values the trail at $100 per month, and Eli values the trail at $80 per month. The cost of building and maintaining the trail is $420 per month. Given this information, it is:
A. not socially optimal to build the trail if it is paid for through taxes. B. socially optimal to build the trail. C. only socially optimal to build the trail if the majority of voters are in favor. D. not socially optimal to build the trail.
An entrepreneur is a(n):
A. individual who has much education. B. organizer who seeks profitable opportunities and is willing to accept risks. C. business organization that uses inputs to produce output. D. depot or warehouse for commercial products.
How does the age of prospective migrants affect the cost–benefit evaluation of moving to another nation?
What will be an ideal response?