When an economist is asked a question like "why is unemployment higher for teenagers than for older workers?" the economist
a. is asked to explain the cause of an economic event.
b. is asked to recommend a policy to improve economic outcomes.
c. is asked as a policy adviser.
d. does not have enough information to respond.
a
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If a pre -merger Herfindahl-Hirschman Index (HHI) is less than ________, the merger is unlikely to be challenged.
A) 10,000 B) 1,500 C) 1,000 D) 2,200
All of the following location characteristics can result in higher worker salaries except which one?
A) short commute time B) poor climate C) high cost of living D) unpleasant work conditions
The opportunity cost of the debt is
A. Not an issue if the debt is financed internally. B. The decrease in public sector output because of government borrowing. C. The interest payments on the debt. D. Less of an issue if the economy is below full employment since crowding out is less likely to occur.
GAAS
What will be an ideal response?