The average workweek in U.S.manufacturing plants
A) has dropped steadily since 1960 from about 60 hours per week to 35 hours per week currently.
B) has increased from about 35 hours per week in 1970 to about 45 hours per week by 2010.
C) fluctuates significantly over the business cycle, averaging about 50 hours per week at business cycle peaks and 32 hours per week at business cycle troughs.
D) dropped from about 55 hours per week in the early part of the 20th century to approximately 40 hours per week by 1950 and since 1950, aside from small variation over the business cycle, has remained at about 40 hours per week with no trend in either direction.
Correct Answer:
Verified
Q39: Empirical evidence on the Earned Income Tax
Q40: An increase in travel time to work
Q41: "People who value leisure more highly have
Q42: The opportunity cost of leisure
A) is the
Q43: "When a worker's wage rate changes,there are
Q44: Other things equal,the less convex is an
Q45: What is the earned income tax credit
Q46: If an individual's income effect is stronger
Q48: Consider two workers-Averil and Taylor.They both earn
Q49: The female labor force participation rate
A) doubled
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents