Most of the growth in living standards over the last ten years can be attributed to growth in labor force participation
a. True
b. False
B
You might also like to view...
The labor-force participation rate shows the percentage of
A) non-institutionalized working-age people who are actually working or seeking employment. B) people not working, but who want to work. C) new entrants into the labor force. D) people who are not actively participating in meaningful economic activity.
Over the past 20 years, purchases of foreign financial assets by U.S. investors has
A) increased significantly. B) decreased significantly. C) remained fairly consistent. D) become negative.
The law of marginal diminishing returns
A) is found everywhere. B) is found only in manufacturing. C) is found only in developed economies. D) is the same as the law of diminishing marginal utility.
Country 1 produces two goods, A and B. Country 2 produces the same two goods. Currently, country 1 produces 100A and 200B and country 2 produces 300A and 700B. Which of the following statements is true?
A) If country 1 is on its production possibilities frontier, then country 2 must be on its PPF, too. B) The PPF for country 1 is necessarily closer to the origin (or further to the left) than the PPF for country 2. C) If country 1 is productive inefficient, then so is country 2. D) Country 2 is operating on its PPF, but country 1 is clearly not operating on its PPF. E) none of the above