Difficulties in measuring the unemployment rate and its component parts make crafting policy difficult
Indicate whether the statement is true or false
TRUE
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In economics, money is
A) a financial instrument backed by some precious metal such as gold or silver. B) whatever the government defines it to be. C) anything that people generally accept in exchange for goods and services. D) another term for income.
________ attempts to reduce negative externalities by ________
A) Negotiation; discovering who has which rights B) Negotiation; creating new rights C) Legislation; creating new rights D) Legislation; discovering who has which rights
The oldest hamburger chain in the United States is White Castle, which was founded in 1921 . Most of their restaurants in the early days were located in urban areas. In the 1950s they lost much of their business to McDonalds and Burger King
They were slow to respond in building restaurants on highways and in suburbs. How did the advent of the highway system in the 1950s alter residential location patterns and how might this have affected the marginal revenue product of burger chains in both urban and suburban areas. Why did sales drop off in the urban areas where White Castle had earned its initial success?
Which of the following is true?
a. The U.S. has a mandated vacation policy, everyone gets 2 weeks b. There is a trend towards downshifting, opting for a simpler life or at least considering it c. Europeans generally have shorter vacations that North Americans d. The workforce in the U.S. is getting younger