In recent years the labor force participation rate has been fairly stable
A. although the labor force participation rate of young adults has increased while the labor force participation rate of those in the 40-55 age classification has fallen.
B. although the female labor force participation rate has fallen while the male labor force participation rate has increased.
C. as has the labor force participation rate for males, females, minorities, and nonminorities.
D. although the male labor force participation rate has fallen while the female labor force participation rate has increased.
Answer: D
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Suppose the equilibrium price of bread is $2.00 per loaf. If the government sets a price ceiling of $1.50 per loaf: a. the equilibrium price of wheat will fall and a shortage of wheat will be created. b. the quantity of wheat supplied will increase
c. the quantity of wheat demanded will decrease. d. there will be a shortage of bread.
According to the graph shown, consumer surplus is:
A. the area above the supply curve and below the price. B. the area above the demand curve and below the price. C. the area under the demand curve and above the market price. D. the area under the supply curve and above the price.
Explain the differences between a change in supply and a change in quantity supplied
What will be an ideal response?
The goal of antitrust laws is to
A. Prevent monopolies from forming. B. Control the structure of an industry or prevent the abuse of market power. C. Alter industry behavior only. D. Control the structure of an industry only.