Why is the unemployment rate among teenage workers so much higher than other workers?
a. They have little education.
b. They take unskilled jobs.
c. They are the first laid off when the economy slows down.
d. All of the above are reasons why the unemployment rate is so much higher among teenagers.
d
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If China's government runs a budget surplus and there is no Ricardo-Barro effect, there will be ________ in the supply of loanable funds, private saving ________ and investment ________
A) an increase; decreases; increases B) a decrease; increases; increases C) an increase; increases; increases D) a decrease; decrease; increases
Social Security benefits could be reduced in each of the following ways except
A) cutting the promised monthly benefit. B) increasing the retirement age. C) investing the trust fund in the stock market. D) reducing the degree to which benefits are adjusted for inflation.
For an individual consumer, a corner solution may be optimal such that MRS and MRT are not equal,
A) but this is not possible in an Edgeworth Box due to the transitivity of preferences. B) but this is not possible in an Edgeworth Box because price ratios must be positive. C) and this may also occur in an Edgeworth Box. D) and this may only occur in an Edgeworth Box under the perfect complements case.
If the equilibrium rate of interest would be 10 percent, but the usury law sets 8 percent,
a. the quantity of funds supplied would be greater than the quantity demanded. b. economic efficiency would be promoted. c. some applicants for loans would likely be turned down. d. lenders would be able to fund fully all requests for loans.