If a household member is not in the labor force, it is because he or she has decided his or her time is more valuable in nonmarket activities.
Answer the following statement true (T) or false (F)
True
You might also like to view...
The proliferation of the horse in the 17th century caused Great Plains Indians to:
a. increase their reliance on agricultural work. b. engage in less tribal warfare. c. use smaller and more independent hunting groups. d. kill fewer bison, but make more intensive use of the meat on the carcass.
When silver and gold were used as money, both their quantity and quality were open to question. The solution was _____
a. seashells b. seigniorage c. token money d. coinage e. fiat money
Given free mobility of people, wage differentials will contribute to long-term wage disparities among regions
Indicate whether the statement is true or false
Technological change in modern societies is most likely the result of increases in
a. machine building. b. more natural resource use. c. education. d. the labor force.