Answered: 5. Using carefully labelled diagrams,…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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5. Using carefully labelled diagrams, indicate the expected impact on the labour force participation of married women by changes in each of the following factors, other things held constant: a. An increase in the education of women b. A more equal sharing of household responsibili- ties between husband and wife c. A reduction in the average number of children d. An increased tendency to have children spaced more closely together e. An increase in the earnings of husbands f. Daycare paid out of general tax revenues g. Allowing daycare expenses to be tax deductible h. Paying homemakers a fixed sum out of general tax revenues for household work

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