(Consider This) Rising wages for women in the United States have increased:
A. the proportion of women working part time compared to working full time.
B. labor costs and thus shifted the nation's production possibilities curve inward.
C. average family size in the United States.
D. the percentage of married women in the workforce.
D. the percentage of married women in the workforce.
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In an indifference curve/budget line diagram, at your consumer equilibrium, that is, your best affordable point, which of the following statements is CORRECT?
A) Any movement upward or downward on your budget line will move you to a less preferred point. B) Any movement upward or downward on your indifference curve will move you to a less preferred point. C) Your marginal rate of substitution is greater than the magnitude of the budget line by as much as possible. D) All of the above are correct.
If income is distributed equally in a society, the poorest fifth of the population receives
A. 5 percent of the total income. B. one-fifth as much as the richest fifth of the population. C. 20 percent of society’s total income. D. 50 percent of society’s total income.