Based on Data from the Federal Reserve Bank of St

question 158

Multiple Choice

Based on data from the Federal Reserve Bank of St. Louis, the Civilian Labor Force Participation Rates for men and women in the United States were as follows from 1994 through 2014: Demographic Group Month Participation Rate
(Percent of Group)
Men May 2014 69.2
Women 57.1
Men May 2004 72.9
Women 59.1
Men May 1994 74.8
Women 58.7
With respect to this data, which one of the following statements is true?

• A)The labor participation rate of men in the United States impacts the marketing environment, and it is increasing faster than the rate for women.
• B)The labor participation rate for women impacts the marketing environment, and it has been less stable over the last 20 years than the rate for men.
• C)In terms of proportions, fewer women were working in May 2004 compared to May 2014.
• D)The labor participation rate is an economic force that impacts the marketing environment.
• E)The labor participation rate is a political force that impacts the marketing environment.

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Definitions:

Heritability

A measure of how much of the variation in a trait within a population can be attributed to genetic differences.

Reliability

The degree to which an assessment tool produces stable and consistent results over time.

Standardization

The process of implementing and developing technical standards to ensure that certain processes, materials, and products are fit for their purpose and can be reliably produced and used by multiple parties.

Intelligence Score

A measure that reflects a person's cognitive abilities and potential, often derived from standardized tests.