Which of the following groups has had declining labor force participation over the past 30 years?

A. Women
B. Men
C. Teenagers
D. Americans

Answer: C

Economics

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The gains from trade include: i. lower prices from competition. ii. greater output from specialization. iii. greater variety of goods and services available

A) i and iii only B) ii and iii only C) i and ii only D) i, ii, and iii E) ii only

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Scarcity guarantees that

A) demands will exceed wants. B) wants will exceed demands. C) demands will be equal to wants. D) most demands will be satisfied.

Economics