In the United States Since World War II, There Has

question 122

Multiple Choice

In the United States since World War II, there has been

• A)a dramatic increase in the population living in rural areas
• B)a decline in the number of women in the labor force
• C)a decrease in the opportunity cost of working in the home
• D)more specialization of production within households
• E)a dramatic increase in the number of married women in the labor force

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Definitions:

Oil Import Tax

A tax imposed by a country on the import of oil, aimed at increasing the cost of imported oil relative to domestically produced oil.

Marginal Utility

The increase in happiness or usefulness experienced by an individual upon consuming an extra unit of a particular good or service.

Calculus

A branch of mathematics that deals with the study of change and motion, using derivatives and integrals as fundamental tools.

Consumption Increase

An economic scenario where there is a rise in the amount of goods and services consumed by individuals or households over a period.