Which of the following statements is true?
A) In the United States, the unemployment rate among bachelor degree holders is more than the unemployment rate among high school diploma holders.
B) Unemployment rate is higher among groups with lower educational attainment.
C) More educated workers have a lower opportunity cost of time than less educated workers.
D) The unemployment rate in a country normally increases when the country's economy expands.
B
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Tariffs and quotas tend to
a. raise prices domestically but make more goods available b. raise prices domestically and channel more domestic goods into exports c. raise prices domestically and reduce availability of goods d. lower prices domestically but reduce availability of goods e. none of the above
Which of the following is an accurate list, in order, of the steps of the scientific process?
a. define variables; state assumptions; form a hypothesis; test b. state assumptions; define variables; form a hypothesis; test c. identify variables; state assumptions; test; form a hypothesis d. identify variables; form "other things equal" assumptions; form behavioral assumptions; test e. form "other things equal" assumptions; form behavioral assumptions; form hypothesis; test
Interdependence among individuals and interdependence among nations are both based on the gains from trade
a. True b. False Indicate whether the statement is true or false
In economics,one of the effects of scarcity is
a) disutility. b) utility. c) choice. d) inefficiency.