According to some economists and policy makers, the solution to Spain’s high youth unemployment is to

a. reduce government-mandated wages, which would allow it to reduce government spending.
b. increase government-mandated wages, which would allow it to reduce government spending.
c. increase government-mandated wages, which would allow it to increase government spending.
d. reduce government-mandated wages, which would allow it to increase government spending.


a. reduce government-mandated wages, which would allow it to reduce government spending.

Economics

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What would happen to a government's total debt if it ran a budget deficit?

A) Total debt would increase. B) Spending would increase. C) Total debt would decrease. D) Spending would decrease.

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Which item is included in M1?

A. Large-denomination certificates of deposit B. Money market deposit accounts C. Passbook savings account balances D. Travelers checks

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Refer to the table above. Using the four-firm concentration ratio, the upholstered furniture industry is best categorized as:IndustryNumber of sellers% of shipments accounted for by the 4 largest companiesTires1595Upholstered furniture2,00015 

A. monopolistically competitive. B. a pure monopoly. C. perfectly competitive. D. oligopolistic.

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Apple improves the resolution of its iPhone camera by doubling the number of megapixels. This is an example of vertical differentiation.

Answer the following statement true (T) or false (F)

Economics