Growth in the share of population employed in the United States is likely to decline in the future because:
A. an increasing proportion of those currently employed will be retiring.
B. increasing female labor force participation is predicted.
C. population growth is expected to increase.
D. increasing male labor force participation is predicted.
Answer: A
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For a given elasticity of demand, the less elastic the supply, the
A) larger the deadweight loss from a tax. B) larger the share of a tax paid by the sellers. C) greater the burden on the government from a tax. D) greater is the excess burden from a tax. E) larger the share of a tax paid by the buyers.
Consumers who put a high value on a service
A) are better off with perfect price discrimination. B) are better off under a single-price monopoly. C) are indifferent between perfect price discrimination and a single-price monopoly. D) incur deadweight loss under either single-price monopoly or perfect price discrimination.