Factors that have contributed to the increase in women's labor-force participation rate in the U.S. include the following, except:
A. Rising wage earnings brought about by rising productivity
B. Better education and more professional training
C. Access to a wider range of job opportunities
D. Increase in the number of children, requiring mothers to find work along with fathers
D. Increase in the number of children, requiring mothers to find work along with fathers
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The price of bread in terms of gallons of milk per loaf is 0.6 and the price a gallon of milk in terms of pounds of butter per gallon is 1.2. What is the relative price of bread to butter?
A) 1.39 B) 0.6 C) 0.72 D) 0.50
Under tacit collusion,
a. firms form an explicit agreement to cooperate b. prices are usually lower than under perfect competition c. firms are usually subject to prosecution in the United States d. there is no explicit agreement for firms to cooperate e. firms meet to set prices and output levels for the industry
If the interest rate rises, the present value of property rises because the return is now higher
Indicate whether the statement is true or false
Economists who study the role of government in the market
A. agree mostly on the role that the government should play. B. study for market problems that the government might help solve. C. find that supply and demand graphs never work for the government. D. none of these answer options are correct.