During the last several decades the labor force participation rate

a. of women has increased substantially.
b. of men has increased substantially.
c. of women has steadily declined.
d. of both men and women has steadily declined.

A

Economics

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Suppose the quantity demanded of ice cream cones increases from 400 to 425 cones a day when the price is reduced from $1.50 to $1.25. In this situation, the elasticity of demand, calculated using the average method, is

A) 3. B) 1. C) 0.33. D) 1.33.

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The WTO replaced the GATT in

A) 1900. B) 1945. C) 1960. D) 1995.

Economics