The unemployment rate for blacks in the United States is higher than that for whites.
Indicate whether the statement is true or false
Ans: True
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A baker can produce two products: cupcakes and pies. The table below is the baker's production possibilities schedule:Production Possibilities ScheduleProductABCDEFCupcakes01220365681Pies1086420In moving from combination F to E, the opportunity cost of an additional 2 pies is
A. 2 cupcakes. B. 20 cupcakes. C. 56 cupcakes. D. 25 cupcakes.
As inflation rates increase, money becomes less useful as a
A) store of value. B) double coincidence of wants. C) unit of account. D) medium of exchange.
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What will be an ideal response?
In long-run equilibrium for the monopolistically competitive firm, the equilibrium point
a. at the highest part
b. close to the highest part
c. at the lowest part
d. close to the lowest part