Which of the following is correct?
A. During the Great Recession, unemployment rates for men rose above those of women.
B. Unemployment rates for African-American and white workers are approximately the same.
C. Teenagers experience approximately the same unemployment rates as do adults.
D. Laborers are less vulnerable to unemployment than are professional workers.vvvvvv
A. During the Great Recession, unemployment rates for men rose above those of women.
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The stored value of money over time should not change significantly as long as the level of inflation is
A) low. B) less than your pay increases. C) high. D) adjusted by the government.
Which of the following is true if a firm shuts down? i. The price is less than minimum average variable cost. ii. The firm is able to avoid an economic loss. iii. The firm incurs a loss equal to its total variable cost
A) i only B) i and ii C) i and iii D) iii only E) ii only
Which one of the following industries is best classified as an oligopoly?
A) textbook publishers B) retailing C) wheat farms in the United States D) fast food restaurants
Corey visits a computer store. After Alicia shows him several laptop models, Corey picks one out and gives Alicia $1,200 to pay for it. Which function of money does this best illustrate?
a. medium of exchange b. store of value c. means of deferred payment d. unit of account