How might a decrease in the labor force participation of males be related to the increase in the participation rate for females?
What will be an ideal response?
To some extent, increased female employment means fewer job openings available to male workers. An increase in the number of female job seekers reduces the expected benefit of job search for a male. More significantly, both higher income and reduced "leisure" time among females raise the value of "leisure" among males.
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The figure above shows the market for coffee. If one firm owns all the coffee outlets and sells 10 million pounds of coffee a month
A) the market is efficient because the marginal social benefit from coffee exceeds its marginal social cost. B) the market is efficient because the total social benefit from coffee exceed the total social cost. C) there is a deadweight loss because the marginal social benefit from the last pound of coffee exceeds its marginal social cost. D) there is a deadweight loss because the marginal social cost of the last pound of coffee exceeds its marginal social benefit.
The only difference between a one- and two-sided hypothesis test is
A) the null hypothesis. B) dependent on the sample size n. C) the sign of the slope coefficient. D) how you interpret the t-statistic.