The entry of baby boomers into the labor force and increased labor force participation of women
A. Decreased the employment rate and caused per capita GDP to fall.
B. Increased the employment rate and caused per capita GDP to fall.
C. Decreased the employment rate and caused per capita GDP to rise.
D. Increased the employment rate and caused per capita GDP to rise.
Answer: D
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Which of the following is true regarding demand?
i. Demand is the relationship between quantity demanded and the price of a good when all other influences on buying plans remain the same. ii. Demand refers to one quantity at one time. iii. "Demand" and "quantity demanded" are the same thing. A) i only B) both i and ii C) iii only D) ii only E) both ii and iii
The Federal Reserve System has a network of how many Federal Reserve Banks?
A) 12 B) 36 C) 50 D) 84
The market demand for MP3 player is p = 50 - 0.5Q, and the marginal cost for Nick to obtain and sell a MP3 player is $10
If he receives $12 for each MP3 player he sells from the store owner and the store owner controls the quantity of MP3's available for sale, then A) 40 MP3 players will be sold. B) joint profit is $798. C) joint profit will be maximized. D) Nick will sell as many as he can.
Oligopolies can end up looking like competitive markets if the number of firms is
a. large and they all cooperate. b. large and they do not cooperate. c. small and they all cooperate. d. small and they do not cooperate.