Which of the following is not a valid explanation for the high unemployment rate among African American teens?
A. discrimination
B. concentration in inner cities where job opportunities for less-skilled workers are inadequate
C. lack of desire to work
D. minimum wage law
Answer: C
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Which of the following will decrease the break-even quantity?
a. Falling fixed costs b. Increasing marginal costs c. An increase in the price d. Both A&C
In the United States
a. only those who have made previous contributions to the program are entitled to receive the benefits of social insurance programs b. anyone with children is entitled to receive the benefits of social insurance programs c. anyone over 65 is eligible to receive the benefits of social insurance programs d. all taxpayers are eligible to receive the benefits of social insurance programs e. all poor families with children are eligible to receive the benefits of social insurance programs
A price floor above the equilibrium price increases the total surplus of the market.
Answer the following statement true (T) or false (F)
Unemployment statistics are often criticized for
A. overstating the number of people out of work, because retirees are included in the statistics. B. understating the number people out of work, because full-time college students are excluded. C. understating the number of people out of work, because discouraged workers are excluded in the statistics. D. overstating the number of people out of work, because the unemployment statistics include all low-income workers.