How can economists be confident that the pill itself is responsible for the increases in female labor force participation?
A. States that legalized the pill earlier also had earlier increases in female labor force participation.
B. Starting from 1960, the year the pill was approved for sale, female labor force participation has been rising.
C. States that legalized different versions of the pill had different patterns of female labor force participation.
D. It seems to be common sense that delaying childbearing would increase labor force participation.
Ans: A. States that legalized the pill earlier also had earlier increases in female labor force participation.
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The classical view believes that ________
A) economies move slowly to their long run equilibrium levels B) a rise in the quantity of money leads to increases in saving and investment C) a rise in the quantity of money has no impact on economic activity D) all of the above E) none of the above
A major distinguishing feature between capitalist and socialist (or command) economies is that
a. under capitalism the average citizen is always wealthier than in socialist economies b. decision making is typically decentralized in socialist economies and is centralized in capitalist economies c. socialist countries all have red flags and capitalistic economies do not d. resources are publicly owned in capitalist economies e. decision making is typically decentralized under capitalism while it is centralized in command economies