Which of the following is correct?
a. The labor-force participation rate of women has increased in part due to smaller families.
b. The labor-force participation rate of men has decreased in part due to men retiring younger and living longer.
c. Both a and b are correct.
d. Neither a nor b is correct.
c
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Economic systems differ according to which two main characteristics?
A. Who owns the factors of production and the methods used to coordinate economic activity. B. The technology used in production and the quantity and quality of natural resources. C. How goods are produced and who gets them. D. The political system in place and the degree of scarcity facing the economy.
A tax imposed by a government on imports of a good into a country is called
A) an import levy. B) an import fine. C) a tariff. D) an import quota.