SS 343 Lecture Notes - Lecture 3: Comparative Advantage, Human Capital, Bundesautobahn 60
Document Summary
Most of the variations in u. s. population growth have resulted from changes in: a. b. c. d. birthrates and net migration birthrates and death rates net migration and death rates birthrates and technological change. In a particular family, both spouse a and spouse b could earn per hour in market work. However, spouse a has a comparative advantage in the production of home-produced goods. Which of the following is a member of the potential labor force? a. b. c. d. A 75 year old retired autoworker living at home. A 60 year old alzheimer"s patient now living in a nursing home. A 35 year old stockbroker convicted of fraud now serving a 10-year sentence. The labor force consists of all persons age 16 years and over who are: a. b. c. d. employed employed or are actively seeking employment employed, actively seeking employment, or have given up looking for employment not institutionalized.
