In Part,the Increase in the Labor Force Participation Rate in the United

question 180

Multiple Choice

In part,the increase in the labor force participation rate in the United States over the last 50 years can be attributed to

• A)unsuccessful job seekers becoming discouraged workers.
• B)technological change in the home increasing the time available for paid employment.
• C)recessionary periods followed by longer expansionary periods.
• D)early retirement by men in the labor force.
• E)the large increase in the men's labor force participation rate overcoming the large decrease in the women's labor force participation rate.

---

Definitions:

Turnpike

A high-speed road, usually a toll road, designed for swift and efficient travel over long distances.

Market Economy

An economic model where the decisions on investment, production, and distribution rely on market forces like supply and demand, leading to the determination of goods and services prices through a system free from price controls.

Labor Force

The labor force comprises all the working-age population that is actively employed or seeking employment in an economy, serving as an essential indicator of its labor market's health.

Supply and Demand

A fundamental economic model describing how prices vary based on the balance between the availability of a product (supply) and the desire for that product (demand).