Which of the following is not a valid explanation for the high unemployment rate among African American teens?
A. discrimination
B. concentration in inner cities where job opportunities for less-skilled workers are inadequate
C. lack of desire to work
D. minimum wage law
Answer: C
Economics
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In Solow's exogenous growth model, the principal obstacle to continuous growth in output per capita is due to
A) the declining marginal product of labor. B) the declining marginal product of capital. C) limits in the ability of government policymakers. D) too little savings.
Economics
If marginal costs are rising, average total costs must be rising.
Answer the following statement true (T) or false (F)
Economics