The statement "The unemployment rate for teens is higher than that for adults" is

A) a political statement.
B) a positive statement.
C) a normative statement.
D) an ethical statement.

B

Economics

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Harvey Morris bought dishes and pitchers made of blue glass during the Great Depression at a flea market. He later resold these items on eBay. The profits Harvey earned from these sales are

A) not economic profits because Harvey did not add value to the items but took advantage of the buyers who were not aware of how much Harvey paid for the items. B) the result of arbitrage. C) accounting profits but not economic profits. D) subject to a retail profits tax.

Economics

In relation to the corporation, its bondholders are

a. borrowers b. lenders c. customers d. managers e. owners

Economics