Which of the following is not a commonly-cited explanation for the dramatically increasing labor-force participation rates for women from 1950 to the present?
a. availability of reliable birth control
b. invention of household labor-saving devices such as dishwashers and microwave ovens
c. an increasing number of women who work to support their parents
d. changing social attitudes about working mothers
c
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Refer to Figure 4-7. The figure above represents the market for iced tea. Assume that this is a competitive market. If the price of iced tea is $1, what changes in the market would result in an economically efficient output?
A) The price would increase, the quantity supplied would increase, and the quantity demanded would decrease. B) The price would increase, quantity demanded would increase, and quantity supplied would decrease. C) The quantity supplied would increase, the quantity demanded would decrease, and the equilibrium price would increase. D) The price would increase, the demand would increase, and the supply would decrease.
Network effects are seen in manufacturing sectors
Indicate whether the statement is true or false