Which One of the Following Accurately Describes the Trends in U.S

question 310

Multiple Choice

Which one of the following accurately describes the trends in U.S. labor force participation over the past 50 years?

• A) The labor force participation rate of men has climbed from about 75 percent to 90 percent.
• B) The labor force participation rate of women has climbed from below 40 percent to about 60 percent.
• C) The labor force participation rates for both men and women have declined.
• D) The overall labor force participation rate has held steady at about 85 percent.

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Price

The total money amount demanded for the purchase of a service or good.

Product

An item offered for sale which can be a good, a service, or an idea.

Supply

The total quantity of a good or service that is available for purchase at various price levels in a given market.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price level, at a given point in time.