Which of the following statements about U.S. unemployment is true?
a. All racial groups experience approximately the same rate of unemployment.
b. Black and white teenagers experience equally high rates of unemployment.
c. Blacks as a group experience higher rates of unemployment than do white teenagers.
d. Blacks experience higher rates of unemployment than do Hispanics.
e. White teenagers experience higher rates of unemployment than do any other group in the population.
D
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Which of the following statements is CORRECT?
A) Taken together, expenditures on national defense and on income security and health programs now account for less than half of all federal government spending. B) Expenditures on national defense now account for more than twice as much federal government spending as expenditures on income security and health programs. C) Since the mid-1940s, expenditures on national defense have increased considerably as a percentage of total federal government spending. D) Since the mid-1940s, expenditures on income security and health programs have increased considerably as a percentage of total federal government spending.
Which of the following is not an example of a transfer payment?
A) health insurance payments to an army private B) social security payments to disabled persons C) unemployment insurance payments D) social security payments to retirees
In an unregulated, competitive market consumer surplus exists because some
A) sellers are willing to take a lower price than the equilibrium price. B) consumers are willing to pay more than the equilibrium price. C) sellers will only sell at prices above equilibrium price (or actual price). D) consumers are willing to make purchases only if the price is below the actual price.
Savings accounts are also known as
a. M3 money b. time deposits c. demand deposits d. money market deposit accounts e. noninterest bearing M1 money