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

question 468

Multiple Choice

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.

• A) i) and ii) only
• B) ii) and iv) only
• C) i), ii), and iii) only
• D) ii), iii), and iv) only

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Definitions:

Demographic Transition

The massive decline in birth rates that occurs once a developing country achieves higher standards of living because the perceived marginal cost of additional children begins to exceed the perceived marginal benefit.

Death Rates

The number of deaths in a particular population, scaled to the size of that population, per unit of time, typically expressed per 1000 individuals per year.

Productive Resources

Resources that are used in the production of goods and services, including land, labor, and capital.

Total Fertility Rate

The average number of children per lifetime birthed by a nation’s women.