In the United States, the labor-force participation rate since 1960 has been
A) increasing for females. B) unchanged for both males and females.
C) declining for females. D) declining for both males and females.
A
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When demand for a product increases but the supply of the product remains unchanged, the equilibrium price of the product will
a. rise and equilibrium quantity will decrease. b. fall. c. first fall and then return to the original level. d. rise, and equilibrium quantity will increase.
Property taxes ______ tax deductible and home equity loans ____ tax deductible (on federal income tax returns).
A. are; are B. are not; are not C. are; are not D. are not; are
In the above figure, the total cost of producing the profit maximizing level of output is shown by rectangle
A) 0P1AQ1. B) 0P5EQ5. C) 0P4HQ4. D) 0P2BQ1.
The number of U.S. households with access to the Internet has grown is growing rapidly. Compared to 50 years ago, one would predict that when considering a major purchase, people today will gather:
A. more information because the Internet has increased the cost of gathering information. B. less information because the Internet has increased the benefit of gathering information. C. more information because the Internet has lowered the cost of gathering information. D. less information because the Internet has lowered the cost of gathering information.