Applying for a loan in five-person groups is an example of:

A. family and friends lending.
B. party of five lending.
C. group responsibility.
D. trade-off.

C. group responsibility.

Economics

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When the president says that "High inflation rates are a much more serious economic problem than high unemployment rates," it is an example of

A) a normative statement. B) an empirically proven fact. C) a positive statement. D) an irrational argument.

Economics

The first labor unions in the United States were

A) public-sector unions. B) industrial unions. C) guilds. D) craft unions.

Economics