According to 2014 data on the U.S. population, which of the following groups of teenagers (ages 16-19) had the lowest unemployment rate?
a. white males
b. white females
c. black males
d. black females
b
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Refer to Scenario 14-1. M1 in this simple economy equals
A) $1,000. B) $2,000. C) $3,000. D) $8,000.
According to its advocates, what are four advantages product differentiation and advertising provide to consumers?
What will be an ideal response?
An argument in support of hysteresis is
A) companies may be reluctant to hire workers until AD increases. B) prices are sticky in the short run. C) the skills of unemployed workers may deteriorate making it more difficult to find a job. D) overlapping wage contracts.
A technological advance that increases labor productivity will:
a. decrease the supply of labor as fewer workers are needed. b. increase the demand for labor as MP rises. c. decrease the demand for labor as fewer workers are needed. d. lower wages.