Why is the unemployment rate among teenage workers so much higher than other workers?
a. They have little education.
b. They take unskilled jobs.
c. They are the first laid off when the economy slows down.
d. All of the above are reasons why the unemployment rate is so much higher among teenagers.
d
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Under current guidelines, the Federal Trade Commission will likely challenge
A) all mergers if the Herfindahl-Hirschman index (HHI) is 2500 or higher. B) a merger if the HHI is 2500 or higher and the merger increases the HHI by more than 200 points. C) a merger if the HHI is 2500 or higher and the merger increases the HHI by more than 50 points. D) a merger if the HHI is 1500 or higher and the merger increases the HHI by more than 300 points.
Indicate whether each of the following situations would shift the supply curve to the left, to the right, or not at all
a. An increase in the price of an input b. An increase in productivity c. An increase in the price of a substitute in production d. A decrease in the expected future price of a product e. A decrease in the current price of the product