The increased labor force participation of married women in the United States is most often explained by
a. declining productivity in agricultural production
b. a rise in average household size
c. increased education and an increased demand for labor
d. the decreased opportunity cost of working in the home
e. declining productivity in household production
C
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Which of the following factors could cause the economy to experience supply-side inflation?
A) increased security about jobs and future income B) Develop new technology to increase productivity. C) government laws which say that the average work week must be reduced by one hour every year D) Increase the number of immigrants allowed into the country.
The above figure shows the demand and cost curves facing a monopoly. If a $100 per unit tax is charged, what is the incidence of the tax on consumers?
A) 100% B) 50% C) 25% D) 0%
A shift of the demand curve for a good occurs whenever new technologies make inputs used in producing that good available at lower prices
a. True b. False Indicate whether the statement is true or false
Figure 9-17 shows that for this perfectly competitive firm, the profit-maximizing output level is
a. 0. b. 25. c. 75. d. 200.
