Which Statement Best Describes the Trend in the Labor Force

question 58

Multiple Choice

Which statement best describes the trend in the labor force participation rate since 1970 for adult females in the United States? The rate has ______.

• A) steadily increased by 3-5% a year
• B) decreased steadily
• C) stayed approximately the same now as it was in 1980 after a brief increase
• D) increased, although more slowly in recent years.

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Definitions:

Taxable Property

Property subject to taxation, such as real estate, vehicles, and personal possessions, depending on jurisdictional tax laws.

Property Taxes

Property taxes are levies on real estate assessed based on the property's value. They are a major source of revenue for local governments, funding public services like education and infrastructure.

Excise Tax

An excise tax is a tax imposed on the sale of specific goods and services, such as tobacco, alcohol, and gasoline, often levied at the time of purchase.

Demand Curves

Graphical representations showing the relationship between the price of a good and the quantity demanded.