Which of the following explains why many European countries have unemployment rates that are higher than in the United States?
A) Technological change occurs at a faster rate in Europe, so structural unemployment is higher in Europe.
B) European countries offer higher unemployment benefits than the United States.
C) The minimum wage in Europe is lower than it is in the United States.
D) Firms in European countries offer employees higher wages and higher benefits than do firms in the United States.
B
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If C = $500, I = $150, G = $100, NX = $40, and GNP = $800, how much is NFP?
A) -$10 B) -$5 C) $5 D) $10
The Montreal Protocol is expected to save the ozone layer
Indicate whether the statement is true or false
Assume the market in the graph shown with demand D and supply S1 is in equilibrium at a quantity of 5 units. Consumer surplus is:
A. $5.
B. $10.
C. $45.
D. $9.
Today black and Hispanic Americans have poverty rates:
A. three times as high as white Americans. B. twice as high as white Americans. C. half as high as white Americans. D. four times as high as white Americans.