On average, younger people have:
A. higher unemployment rates than older people.
B. lower unemployment rates than older people.
C. similar unemployment rates than older people.
D. uncorrelated unemployment rates compared to those of older people.
A. higher unemployment rates than older people.
You might also like to view...
In economic terms, to say that there has been an increase in demand for a product means that:
a. the demand curve has shifted to the left. b. the product's price has fallen and as a result consumers are buying a larger quantity of the product. c. the product has become scarce for some reason. d. consumers are now willing to purchase more of the product at each possible price.
Economists believe that there are many nonmonetary gains from further trade opening. Which of the following is NOT one of those potential gains?
A) Economies of scale from increased production decreases costs. B) Intensified competition lowers prices. C) Governments will be less reliant on tariff revenue. D) Diversification of production lowers risks.
Workers in industries protected by tariffs and quotas are likely to support these trade restrictions because
A) they do not want to offend their employers who want them. B) politicians lobby to convince workers the restrictions will make them better off. C) they believe the restrictions will protect their jobs. D) they don't understand that the restrictions will threaten their jobs.
Social Security payments:
A. began to be adjusted to 5% above the poverty line in 1987. B. are not adjusted using COLAs. C. are now indexed using the PPI. D. began to be indexed to inflation in 1975.