In which decade did the labor force participation rate for women in the United States first rise to above 50%?
A) 1940s
B) 1960s
C) 1970s
D) 1990s
C
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If the consumption of a good decreases the quantity available for another person, the good is
A) rival. B) excludable. C) pure. D) free.
Lucinda buys a new GPS system for $250. She receives consumer surplus of $75 from the purchase. What value does Lucinda place on her GPS system?
A) $75 B) $175 C) $250 D) $325
Suppose Julia and Zach are the only consumers of milk. Julia's demand for milk is defined as QdJulia = 12 - 3P at prices below $4 and zero for prices above $4. Zach's demand for milk is defined as QdZach = 10 - 2P at prices below $5 and zero for prices above $5. In this case, the market demand curve for milk is:
A. upward sloping. B. a downward sloping straight line. C. kinked at a quantity of 2 units. D. kinked at a quantity of 1 unit.
The M2 money supply
a. includes large denomination time deposits which are part of M1 b. excludes checking accounts which are part of M1 c. does not include money market mutual accounts because they are part of M1 d. includes demand deposits and small denomination time deposits because each ispart of M 1and M2, respectively e. includes large denomination repurchase agreements which are part of M1