Based on the table showing unemployment rates and earnings by educational attainment, which group has the highest unemployment rate?
a. people with a doctoral degree
b. people with some college, but no degree
c. people with an associate’s degree
d. people with less than a high school diploma
d. people with less than a high school diploma
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Jenny sells lemonade in front of her house in the summer. Several other kids in Jenny's neighborhood also run lemonade stands in the summer. Suppose that the first week of summer, Jenny charged 25 cents for an 8-ounce cup of lemonade, her next-door neighbor Sam charged 50 cents for an 8-ounce cup of lemonade, and Alex across the street charged 15 cents for an 8-ounce cup of lemonade. Assuming the market for lemonade is perfectly competitive, what is most likely to happen?
A. Everyone will start to charge 50 cents to maximize revenue. B. Eventually prices will equalize across all three lemonade stands. C. A price war will break out, and all of the kids will lower their prices. D. Each kid will keep his or her price at the original amount.
The formula Es/(Es - Ed) is used to calculate the
A) deadweight loss from price support programs. B) increase in consumer surplus from a price ceiling. C) fraction of a specific tax that is passed through to consumers. D) none of the above
The income flow in the form of resource payments from firms to households, and in the form of revenue from households to firms, is known as the circular flow of money
Indicate whether the statement is true or false
If a bond's rating improves it should cause the bond's price:
A. and yield to decrease, all other factors constant. B. and yield to increase, all other factors constant. C. to increase and its yield to decrease, all other factors constant. D. to decrease and its yield to increase, all other factors constant.