Over the last 50 years, how has
a. the labor force participation rate changed?
b. the men's and women's labor force participation rates changed?
a. Over the past 50 years, the overall labor force participation rate increased.
b. Over the past 50 years, the men's labor force participation rate decreased and the women's labor force participation rate increased.
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Based on Figure 6.1, suppose the government puts a tariff of $0.25 per bushel on soybean imports. How much will the tariff reduce imports?
A) Imports will decrease by 10 million bushels. B) Imports will decrease by 20 million bushels. C) Imports will decrease by 60 million bushels. D) Imports will not change after the tariff.
If the numbers of employed and unemployed do not change but the size of the civilian population increases by 15%, what would be the effect?
a. no change in the unemployment rate and a decrease in the labor force participation rate b. an increase in the unemployment rate and a decrease in the labor force participation rate c. an increase in the unemployment rate and no change in the labor force participation rate d. an increase in the unemployment rate and an increase in the labor force participation rate