As more women decide to work outside the home and therefore hire others to work around their home, GDP will increase by the value of
What will be an ideal response?
the output produced by the working women plus the value of any household work they are now hiring someone to perform.
Economics
You might also like to view...
Your text refers to airlines as "The Kings of Price Discrimination." Why is price discrimination common in the airline industry?
What will be an ideal response?
Economics
The marginal rate of substitution:
A. may increase or decrease on a given indifference curve, depending on whether the substitution or the income effect is dominant. B. increases as one moves southeast along an indifference curve. C. is constant at all points on the budget line. D. declines as one moves southeast along an indifference curve.
Economics