Which of the following statements is true?
A) Adult males, adult females, and teenagers all have similar rates of unemployment due to job losses.
B) Almost half of the total teenage unemployment rate appears to be due to the search for the first job.
C) Relative to adult males, adult females and teenagers have more frequent unemployment due to reentry and higher quit rates.
D) All of the above.
D
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Consider the market for pilots. What is likely to happen to the equilibrium wage and quantity of pilots if the government enforces a lower mandatory retirement age, say from age 65 to age 62?
A) The equilibrium wage rises and the equilibrium quantity of pilots falls. B) The equilibrium wage and the equilibrium quantity of pilots fall. C) The equilibrium wage and the equilibrium quantity of pilots rise. D) The equilibrium wage falls and the equilibrium quantity of pilots rises.
Virtual currency unit 2 (VCU2) is different from VCU1 because:
a. VCU1 cannot be spent in the real world; VCU2 can be spent in the real world. b. VCU1 can only be purchased with real-word currencies. VCU2 can be purchased with real-world currencies and also earned in the virtual world. c. VCU1 cannot be converted into legal tender; VCU2 can be converted into legal tender. d. VCU1 can only be earned in the virtual world; VCU2 can be earned in the virtual world or purchased with legal tender.