
Economics 11th Edition by William McEachern
Edition 11ISBN: 978-1305505469
Economics 11th Edition by William McEachern
Edition 11ISBN: 978-1305505469 Exercise 12
EVOLUTION OF THE HOUSEHOLD Determine whether each of the following would increase or decrease the opportunity costs for mothers who choose not to work outside the home. Explain your answers.
a. Higher levels of education for women
b. Higher unemployment rates for women
c. Higher average pay levels for women
d. Lower demand for labor in industries that traditionally employ large numbers of women
a. Higher levels of education for women
b. Higher unemployment rates for women
c. Higher average pay levels for women
d. Lower demand for labor in industries that traditionally employ large numbers of women
Explanation
a.Increase in opportunity cost:
By sacr...
Economics 11th Edition by William McEachern
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