In April? 2017, which of the following demographic groups had a higher rate of unemployment than the unemployment rate for the total? population?
What will be an ideal response?
high school dropouts
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An elastic response in the quantity of a good demanded would be caused by
A) the availability of many substitutes. B) a lack of substitutes. C) a lack of sensitivity to the good's price. D) the good representing a small portion of a person's budget.
Costs in a natural monopoly are lower because there is only one producer
a. True b. False Indicate whether the statement is true or false
A sub-prime loan is a loan extended to borrowers
a. at a subsidized interest rate below the prime rate normally offered to the most creditworthy borrowers. b. with blemished credit or limited documentation of their income, employment history, and other indicators of credit worthiness. c. seeking a 30-year, fixed rate mortgage. d. who have a FICO score above 660.
Saving divided by income equals the _______ rate.
A. interest B. income C. wealth D. saving