Which of the following groups would have the lowest unemployment rates?
A. High-school dropouts
B. Married men
C. Nonwhite teenagers
D. Nonwhite women
Answer: B
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If the percentage increase in price is 15 percent and the value of the price elasticity of demand is -3, then quantity demanded
A) will increase by 5 percent. B) will decrease by 5 percent. C) will increase by 45 percent. D) will decrease by 45 percent.
The pauper labor theory, and the exploitation argument
A) are theoretical weaknesses that limit the applicability of the Ricardian concept of comparative advantage. B) are theoretically irrelevant to the Ricardian model, and do not limit its logical relevance. C) are not relevant because the Ricardian model is based on the labor theory of value. D) are not relevant because the Ricardian model allows for different technologies in different countries. E) invalidate the Ricardian model.
The US government generally finances its debt by:
A. selling US securities. B. printing money. C. borrowing directly from the FED. D. borrowing directly from very large banks.
An example of fiscal policy occurs when the government decreases corporate income taxes.
Answer the following statement true (T) or false (F)