Which one of the following accurately describes the trends in U.S. labor force participation over the past 50 years?
A. The labor force participation rates for both men and women have declined.
B. The labor force participation rate of men has climbed from about 75 percent to 90 percent.
C. The overall labor force participation rate has held steady at about 85 percent.
D. The labor force participation rate of women has climbed from below 40 percent to about 60 percent.
Answer: D
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Mary has an old house built in 1950 that she would be willing to sell for $100,000. If someone offers to buy her house at $110,000, Mary's producer surplus would be equal to:
A) $5,000. B) $10,000. C) $55,000. D) $100,000.
For a common resource, the marginal private benefit of the resource is greater than the marginal social benefit
Indicate whether the statement is true or false
Suppose that the Federal Reserve enacts expansionary policy. Everything else held constant, this will cause the demand for U.S. assets to ________ and the U.S. dollar to ________
A) increase; appreciate B) decrease; appreciate C) increase; depreciate D) decrease; depreciate
Under a managed float, if U.S. demand for British goods drops, which of the following actions would the Bank of England need to take in order to stop any movement in the dollar-pound exchange rate?
a. Buy British pounds for dollars in order to shift the demand curve for pounds leftward b. Sell British pounds for dollars in order to shift the supply curve for pounds leftward c. Sell British pounds for dollars in order to shift the supply curve for pounds rightward d. Buy British pounds for dollars in order to shift the demand curve for pounds rightward e. Do nothing, since purchasing power parity will correct the situation in the short run.