Which of the following is not a valid explanation for the high unemployment rate among African American teens?
A. discrimination
B. concentration in inner cities where job opportunities for less-skilled workers are inadequate
C. lack of desire to work
D. minimum wage law
Answer: C
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Beth has just quit her job, moved to a new city, and is looking for a new job. Beth is
A) frictionally unemployed. B) structurally unemployed. C) distance unemployed. D) cyclically unemployed. E) locationally unemployed.
Why is trade based on comparative advantage?
What will be an ideal response?
The United States experienced _______________ from 1930 to 1933.
A. stagflation B. inflation C. deflation D. budget surpluses
In the perfectly competitive market, all firms in the market are assumed to be producing:
A. identical products. B. differentiated products. C. products that are heavily advertised. D. complementary products.