Compared to older workers, younger workers change jobs more frequently, so they are more prone to ________ unemployment; also, younger workers have fewer skills, so they are more prone to ________ unemployment.

Reducing risk through the purchase of assets whose returns do not always move together is

A) diversification. B) intermediation. C) intervention. D) discounting.

Suppose a perfectly competitive firm faces the following short-run cost and revenue conditions: ATC = $12; AVC = $10; MC = $15; MR = $13. The firm should

A) decrease output. B) increase output. C) increase price. D) change nothing.