Question

1. Which of the following statements are true about assortative mating?

a. Positive assortative mating means likes marry likes

b. Negative assortative mating means people match with those who are their opposite

c. Income inequality has been attributed to positive assortative mating

d. All of the above

2. If a mom is already spending a lot of time at home taking care of her children, then an increase in the wage will likely

a. Increase the price of child services, the lost opportunity cost from working in the market, more than it will increase additional income from an increase in the wage, resulting in a decrease in the quantity of child services provided

b. Decrease the price of child services, the lost opportunity cost from working in the market, more than it will increase additional income from an increase in the wage, resulting in a decrease in the quantity of child services provided

c. Decrease the price of child services, the lost opportunity cost from working in the market, more than it will increase additional income from an increase in the wage, resulting in a increase in the quantity of child services provided

d. Decrease the price of child services, the lost opportunity cost from working in the market, more than it will decrease additional income from a decrease in the wage, resulting in a decrease in the quantity of child services provided

3. If the marginal value of time for leisure is currently less than the marginal value of time in the home,

a. a shift of a unit of time to leisure and away from home production would increase utility.

b. a shift a unit of time to home production and away from leisure would decrease utility.

c. a shift of a unit of time to home production and away from leisure would increase utility.

d. none of the above.

4. The marginal value of time in the market is equal to

a. the product of the real wage (the marginal product of labor) and marginal utility of consumption of the market good.

b. the real wage (the marginal product of labor).

c. marginal utility of consumption of the market good.

d. The price of the market good.

5. The durable goods revolution can be represented in the marginal value of time diagrams by a rotation of the marginal value of time in the home curve. This would,

a. decrease the marginal value of time in the home at low hours of home work relative to more hours, and increase the likelihood that women choose to work in the market.

b. Increase the marginal value of time in the home at low hours of home work relative to more hours of home work, and increase the likelihood that women choose to work in the market

c. decrease the marginal value of time in the home at low hours of home work relative to more hours, and decrease the likelihood that women choose to work in the market.

d. Increase the marginal value of time in the home at low hours of home work relative to more hours of home work, and decrease the likelihood that women choose to work in the market

6. Full income refers to

a. the income the family would get if the man worked the total amount left after sleeping and the woman worked in the home.

b. the income the family would get if the woman worked the total amount left after sleeping and the man worked in the home.

c. the income the family would get if both the man and woman worked the total amount of time available after sleeping plus any non-labor income.

d. the income the family receives when they work a full time job of forty hours per week rather than a part time job.

7. The total fertility rate is

a. the number of births 1,000 women today would have over their lifetimes from age 10 to 49 if they had the age specific fertility rates that currently prevail.

b. the number of births to single women divided by the number of single women aged 15-44.

c. the rate, which if sustained indefinitely, would cause population growth to come to a halt.

d. the number of births in a year to women of any age divided by the number of women aged 15-44.

Answer 1

Q1)

The answer is (d) All of the above

(a) is true because positive assortative mating does mean people who belong to a similar group (phenotypes) mate or marry with similar phenotypes more frequently

(b) is true as negative assortative mating is the opposite of positive mating which basically means the frequency is higher for mating in a group of different phenotypes.

(c) is true as rising economic inequality creates visible differences between the population as rich and poor live in completely different environments. This increases the probability of marrying in their own environments and thus positive assorting mating.