Unemployment was fairly low during

A. The 1930s.
B. World War II.
C. The Great Depression.
D. The recession of 1981

Answer: B

Economics

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If price is above average total costs, the firm

A) is earning positive profits. B) is earning negative profits. C) is making a normal rate of return on its capital investment. D) may be earning a positive or negative profit depending upon costs.

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