Related to the Economics in Practice on P

question 72

Multiple Choice

Related to the Economics in Practice on p. 127: In the U.S. from 1955 to 1996, the labor force participation rate increased for ________ and decreased for ________.

• A) men; women
• B) women; men
• C) white men; African American men
• D) African American women; white women

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Definitions:

Significance Level

This represents the threshold below which the p-value of a test statistic must fall for results to be considered statistically significant, thus leading to the rejection of the null hypothesis.

Supermarkets

Large retail market places that sell food and household merchandise.

Customers

Individuals or businesses that purchase goods or services from another entity, providing the revenue stream for the business.

Prejudicial Hiring Practices

Employment practices that unfairly discriminate against candidates based on non-job-related characteristics.