An argument that has been advanced to explain high teenage unemployment is
a. lack of job experience.
b. limited education.
c. a minimum-wage requirement higher than their marginal revenue products.
d. all of the above.
d
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A sudden decrease in the market demand in a competitive industry leads to
a. Losses in the short-run and average profits in the long-run b. Above average profits in the short-run and average profits in the long-run c. New firms being attracted to the industry d. Demand creating supply
Which of the following is a feature of an M-Form organization?
a. divisions can respond more easily to changes in customer demand b. it is difficult to maintain customer relationships c. coordination across divisions is simple and does not take much management time d. evaluating employees is easier because managers typically are similarly trained
Which of the following combinations would be most likely to increase U.S. imports from Japan and reduce U.S. exports to Japan?
A. Contractionary monetary policy in the United States and expansionary monetary policy in Japan B. Expansionary monetary policy in the United States and contractionary monetary policy in Japan C. Contractionary monetary policy in both the United States and Japan D. Expansionary monetary policy in both the United States and Japan
When banks borrow from each other the interest rate charged is known as the
a. discount rate. b. prime rate. c. federal funds rate. d. over-the-counter rate.