Which of the following statements about the composition of the labor
force is correct?

since 1948, the percentage of women participating in the labor force has increased  

Explanation:

Labor force is the percentage of the adult civilian non-institutional population that is working or actively seeking work. Labor force excludes retired workers. From around 1948, the number of female workers in labor force increased significantly.

According to government statistics, in 1950,  women’s labor force participation rate was at 33.9 percent. It increased significantly during the 1970s and 1980s, reaching 57.5 percent in 1990. In 1999, the women’s participation rate was at the peak of 60 percent.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

a.