Which of the following would NOT be a factor that has contributed to the rising female labor force participation rate?
A. increasing family size
B. greater access to training
C. greater access to education
D. reduction of barriers to competing with men for jobs
Answer: A
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Which of the following is a problem with using real GDP as a measure of economic well-being? a. It does not account for inflation
b. It does not account for production within the household. c. It does not account for production by foreign firms producing inside the U.S. d. all of the above
A recession with inflation is know by what term?
Figure 8.2 presents a firm's marginal cost, average total cost, and average variable cost curves. The firm faces fixed costs of:
A. $20. B. $110. C. $130. D. $4000.
In the above figure for a monopolistically competitive firm, the profit-maximizing output and price are respectively
A) 80 units and $11. B) 50 units and $8. C) 60 units and $9. D) 60 units and $14.