Suppose that homemakers are included as employed in the labor force statistics, rather than being counted as out of the labor force. This would
A) increase the measured labor force participation rate.
B) increase the measured unemployment rate.
C) decrease the number of persons in the working-age population.
D) decrease the number of persons in the labor force.
A
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Firms in a(n) ________ produce an efficient scale of output
A) monopolistically competitive market B) monopoly market C) oligopoly market with differentiated products D) perfectly competitive market
Which of the following statements about international trade is true?
A) Potentially, a country can have absolute advantage in all goods. B) Potentially, a country can have relative advantage in all goods. C) After trade, countries tend to specialize in the production of those goods in which they enjoy absolute advantage. D) None of the above is true.