The highest and most prolonged period of unemployment in the United States over the last 125 years occurred during
A) World War II.
B) the 1890s Depression.
C) the 1990-1991 recession.
D) the Great Depression of the 1930s.
D
You might also like to view...
Katie finds that the marginal utility from a compact disc is 30 and the marginal utility from a pizza is 10. The price of a compact disc is $15 and the price of a pizza is $10. In order to increase her utility, Katie should
A) consume more compact discs and fewer pizzas. B) consume fewer compact discs and more pizzas. C) not change her consumption of pizza and compact discs. D) consume fewer compact discs and fewer pizzas.
Let the production function be q = ALaKb. The function exhibits constant returns to scale if
A) a + b = 1. B) a + b > 1. C) a + b < 1. D) Cannot be determined with the information given.
If Herbert the hair stylist raises the price of his cuts from $13 to $15 and the demand for his cuts falls from 300 to 260, then we conclude that, within the price range of $13 to $15, demand is
a. price inelastic b. price elastic c. unit elastic d. cross elastic e. income inelastic
If a player in a game has a dominant strategy, her choice will depend upon the strategy that another player has chosen.
Answer the following statement true (T) or false (F)