Which of the following best explains why the rate of unemployment is highest among individuals aged 16 through 19?
a. Teenagers do not have the skills necessary to find jobs.
b. Teenagers change jobs more frequently than do older individuals.
c. Teenagers have a higher labor force participation rate than other age groups.
d. Most teenagers are in school and, for this reason, are not holding jobs.
B
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Refer to the figure above. The market price of Good Y is ________
A) $10 B) $17 C) $22 D) $20
Assume that one of two possible outcomes will follow a decision. One outcome yields a $75 payoff and has a probability of 0.3; the other outcome has a $125 payoff and has a probability of 0.7. In this case the expected value is
A) $85. B) $60. C) $110. D) $35.
According to evidence provided by the U.S. government, the median black
a. woman is paid roughly the same as the median white woman. b. woman is paid roughly the same as the median black man. c. man is paid 21 percent less than the median white man. d. All of the above are correct.
There are five firms in an industry. You know sales of the four largest firms are $800,000, $700,000, $440,000, and $230,000. If the C4 ratio is 80 percent, then the HHI is:
A. 1,810. B. 5,191. C. 2,271. D. 4,338.