Which of the following demographic groups in the U.S. has the highest unemployment rates?
a. College graduates.
b. White working-age people.
c. African-American teenage males.
d. All working-age people with a high school diploma but no college.
c
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Suppose that the government wants the burden of the cigarette tax to fall equally on buyers and sellers and declares that a $1.00 tax be imposed on each. Is the burden of the tax shared equally? Why or why not?
What will be an ideal response?
Distinguish between real GDP and potential GDP and describe how each grows over time
What will be an ideal response?
Which of the following would make the equilibrium real interest rate increase and the equilibrium quantity of funds decrease?
a. The demand for loanable funds shifts right. b. The demand for loanable funds shifts left. c. The supply of loanable funds shifts right. d. The supply of loanable funds shifts left.
Suppose Larry's Lariats produced 25,000 lassos and sold each for $10. What was the total revenue for the company?
A. $250,000 B. $25,000 C. $2,500,000 D. $2,500