The highest measured rate of unemployment in the United States occurred during
A. the Carter administration.
B. the Panic of 1893.
C. the Great Depression.
D. the post-WWII years.
Answer: C
You might also like to view...
Farmer Jones knows that the marginal cost to produce a bushel of tomatoes is $5 per bushel. He also knows that a consumer is willing to pay a maximum of $9 for the bushel. The price of the bushel is $6 and Farmer Jones sells his bushel for $6
On this bushel, Farmer Jones earns a producer surplus equal to A) $1. B) $3. C) $5. D) $6.
Net entrants to the labor force is likely to be highest when the economy ________
A) is entering a recession B) nears the peak of an expansion C) has passed the peak of an expansion D) begins to recover from a recession
According to the majoritarian vision of democracy, what role should citizens who hold minority preferences play in determining policy?
A. They should serve as a check on the power of the majority. B. Their opinions should be a part of a consensus that determines policy. C. Citizens with minority preferences should have no role in the policymaking process. D. They should be as fully involved in the process as those who hold majority preferences.
Occupational licensing:
A. functions essentially the same as inclusive unionism. B. attracts large numbers of workers and therefore depresses wages. C. often restricts occupational entry and raises the incomes of license holders. D. has been declared illegal in the majority of states.