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Suppose That a Well-Respected Study Published in Child Psychology Today

question 56

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Suppose that a well-respected study published in Child Psychology Today finds that a very high proportion of children raised by stay-at-home fathers are accepted to Harvard University.If a large number of previously working fathers quit their jobs and become stay-at-home dads,which of the following will occur,all else equal?
(i) The unemployment rate will decrease.
(ii) The size of the labor force will decrease.
(iii) The number of unemployed people will increase.
(iv) The unemployment rate will increase.


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One-time Investment

An investment made with a single lump-sum payment, as opposed to recurring investments.

College Education

Attainment of higher learning and skills obtained by attending an institution of higher education, such as a college or university.

Insurance Settlement

The payment made by an insurance company to a claimant, policyholder, or beneficiary under the terms of the insurance policy.

Present Value

The current financial worth of a forthcoming sum of money or sequence of cash flows, with a particular rate of interest in mind.

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