1) The labor force participation rate for women in the United States has A) stay
ID: 1121584 • Letter: 1
Question
1)
The labor force participation rate for women in the United States has
A)
stayed the same over the last 30 years
B)
increased significantly since the 1950s
C)
been influenced by decreasing real wages since 1960
D)
fluctuated substantially both upward and downward since the 1950s
E) increased only very slightly since the 1950s
2) If the price level rises, the money demand curve will shift to the right.
True
False
3) An import quota is a
A)
legal limit on the quantity of a good that can be imported per year
B) legal requirement that a specified percentage of a final good's value must be produced domestically
C) legal requirement that exports to a certain country must exceed a specified value before that country's product may be imported
D)percentage tax on an imported product
E)lump-sum tax on an imported product
4) For interest rates to remain stable during economic expansions, the money supply should
A) decrease at a faster rate than the demand for money
B) grow at the same rate as money demand
C) grow at a faster rate than money demand
D) grow at a slower rate than money demand
E) decrease at a slower rate than the demand for money
5) When it comes to basic commodities, the United States is a net exporter of oil and metals and a net importer of farm crops.
True
False
A)
stayed the same over the last 30 years
B)
increased significantly since the 1950s
C)
been influenced by decreasing real wages since 1960
D)
fluctuated substantially both upward and downward since the 1950s
E) increased only very slightly since the 1950s
2) If the price level rises, the money demand curve will shift to the right.
True
False
3) An import quota is a
A)
legal limit on the quantity of a good that can be imported per year
B) legal requirement that a specified percentage of a final good's value must be produced domestically
C) legal requirement that exports to a certain country must exceed a specified value before that country's product may be imported
D)percentage tax on an imported product
E)lump-sum tax on an imported product
4) For interest rates to remain stable during economic expansions, the money supply should
A) decrease at a faster rate than the demand for money
B) grow at the same rate as money demand
C) grow at a faster rate than money demand
D) grow at a slower rate than money demand
E) decrease at a slower rate than the demand for money
5) When it comes to basic commodities, the United States is a net exporter of oil and metals and a net importer of farm crops.
True
False
Explanation / Answer
Ans:
1) Option B
Increased significantly since the 1950s.
labor force participation rate for women in the United States has seen a consistent and significant increase since 1950.At present the labor force participation rate for women in the United States around 55%.
2) True
A rise in inflation causes a rise in money demand and the money demand curve will shift to the right.
3) Option A
Import quota is a trade restriction which limits the physical quantity of a good that can be imported into a country during a given time period.
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