Use the graph to the right to help determine which of the following statements regarding the labor force participation rates of adult men and women since 1950 is false.
What will be an ideal response?
The labor force participation rates of adult men and adult women were equal in 1990.
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Goods having a negative calculated income elasticity are
a. superior goods b. producers' goods c. nondurable goods d. inferior goods e. none of the above
Which of the following works to limit trade by explicitly raising prices (i.e. as a tax)?
A. Tariffs B. Buy "American advertising" C. Non-tariff regulatory barriers D. Quotas
The rate of interest charged by Federal Reserve banks for lending reserves to member banks is the
A. Commercial paper rate. B. Federal funds rate. C. Prime rate. D. Discount rate.
The slope of a nonlinear curve is ________ when the curve is rising, and ________ when the curve is falling
A) negative, positive B) negative, negative C) positive, negative D) positive, positive