In recent years, the highest rate of unemployment among U.S. adults has been among
a. married men.
b. adult females.
c. adult males.
d. black workers.
d. black workers.
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Refer to the scenario above. The opportunity cost of producing good Y equals:
A) gain in Good Y / gain in Good X. B) loss in Good X / gain in Good Y. C) loss in Good X / loss in Good Y. D) gain in Good X / gain in Good Y.
More than 80 percent of American firms are incorporated.
Answer the following statement true (T) or false (F)
In the coordination failure model, the most likely explanation of business cycles are
A) money supply shocks. B) government spending shocks. C) total factor productivity shocks. D) fluctuations between "good" and "bad" equilibria.
In which field would economic rents likely be greatest for the best in their field?
A) farming B) teaching C) hockey D) car repairing