A teenager without a high school diploma is unable to find work because all of the available jobs require a certain minimum reading skill level which he is not proficient in. Which of the following best characterizes the teenager's circumstances?
A. Structurally unemployed.
B. Underemployed.
C. A discouraged worker.
D. Phantom unemployed.
Answer: A
Economics
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The above table shows Priscilla's marginal utility from the two goods she consumes, pizza and Pepsi. The price of a slice of pizza is $2 and of a can of Pepsi is $1. Suppose Priscilla has $6 to spend
Which combination of pizza and Pepsi will maximize Priscilla's utility? A) 3 slices of pizza B) 2 slices of pizza and 2 cans of Pepsi C) 3 cans of Pepsi and 1 slice of pizza D) 1 slice of pizza and 3 cans of Pepsi
Economics
As the economy nears the end of an expansion, interest rates usually ________ and wages rise more ________ than prices
A) fall; rapidly B) fall; slowly C) rise; slowly D) rise; rapidly
Economics