Which of the following is one of the chief reasons for the increased number of married women in the U.S. work force?
a. The marginal cost of working in the labor force has increased.
b. Jobs provide greater independence and self-worth.
c. The opportunity cost of household work has increased.
d. The sunk cost of household appliances has risen to the point that women must work to make payments on them.
e. Women spend more time in the market as a result of the increasing division of labor in household production.
C
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Private investment from a foreign country is known as
A. development assistance. B. foreign direct investment. C. technical progress. D. the cost disease of personal services.
When a country has the ability to produce more of a good than others with a given amount of resources, they:
A. have an absolute advantage. B. are free-traders. C. have a comparative advantage. D. should remain self-sufficient.