Over the past 50 years, the U.S. labor force participation rate has decreased for
i. men.
ii. women.
iii. the over-all labor force.
A) i only
B) ii only
C) i and iii
D) ii and iii
E) i, ii, and iii
A
Economics
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A minimum wage ________
A) is a price ceiling in the labor market B) changes the demand for labor. C) is an effective way of increasing employment D) is a price floor in the labor market
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If the slope of the rays from the origin to the total variable cost curve declines along the curve, it implies:
a. the average variable cost is falling. b. the marginal cost is falling. c. the average variable cost is rising. d. the marginal cost is rising.
Economics