In the United States, a reason for the increase of the labor force participation rate for women is that
A) an increase in wealth allowed men to retire early.
B) more women pursued a college education and received higher wages upon graduation.
C) fewer women married.
D) there has been a decrease in jobs with flexible hours.
E) improved Social Security benefits are available for women if they work.
B
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Refer to the table below. If the profit for each unit of paper product is $2 and the profit for each unit of lumber is $5, what is Big Oaks' marginal cost of producing between points B and C on their production possibilities frontier?
Big Oaks can produce either paper products or lumber with each tree that they harvest. Because Big Oaks can adjust the amount of paper products and lumber they produce from the harvested trees, paper products and lumber are produced in variable proportions. The above table summarizes Big Oaks production possibilities from each harvested tree.
A) $1.25
B) $6.25
C) $5.50
D) $2.50
If quantity demanded is greater than quantity supplied
A. the price will fall. B. the price will rise. C. the market is cleared. D. the price is at equilibrium.