One of the Most Important Changes in the Composition of the Labor

question 28

Multiple Choice

One of the most important changes in the composition of the labor force in the United States has been

• A)the major increase in the number of women who work outside the home.
• B)the drop in the number of men who only work part-time.
• C)the steady decline in the number of women who work.
• D)the increase in the ratio of male workers to female workers.
• E)the major increase in the number of men who work away from the home or farm.

Identify the role and calculation of ratios, such as total asset turnover ratio and earnings per share, in evaluating company performance.

Understand the process of recording and adjusting for unearned revenue.

Comprehend the accounting cycle including the preparation of financial statements and closing entries.

Understand the causes and consequences of stress.

---

Definitions:

Government Spending

Expenditures by the government sector including spending on goods and services, public works, social services, and transfer payments.

Classical Economists

Economists of the 18th and 19th centuries who believed in free markets, minimal government intervention, and the self-regulating nature of economies.

Stable Economy

An economic condition characterized by predictability, low inflation, and minimal unemployment, indicating a healthy economic environment.

Say's Law

An economic theory proposing that supply creates its own demand, meaning production inherently creates the means to purchase other goods.