Virtually all of the decline in labor force participation by elderly males is due to increased physical requirements of labor plus diminished health status

Total revenue cannot be derived from the demand curve or a demand schedule

a. True b. False Indicate whether the statement is true or false

Members of the Board of Governors of the Federal Reserve System are

a. elected by member banks to serve four-year terms. b. appointed by Congress for 14-year terms. c. appointed by the president for 14-year terms. d. appointed by the Supreme Court for lifetime terms.