Looking over the last six decades since 1950, how did the average U.S. unemployment rate during the 2000s compare to the other five decades?
What will be an ideal response?
The average unemployment rate during the 2000s was essentially tied for the second highest decade-average unemployment rate for the five decades since 1950. The decade-average unemployment rate during the 2000s was higher than the average unemployment rates during the 1950s, 1960s, and 1990s. It was basically tied with the decade average unemployment rate during the 1970s and was lower the highest decade average unemployment rate during the 1980s.
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Refer to Figure 13.2. If Oliver's political views place him at the L4 position and George's political views place him at the C4 position, Alice's preference for mayor is
A) Oliver Cousins. B) George Glass. C) Alice is indifferent between the two candidates. D) Alice definitely does not like either candidate.
Brand names are an example of
A) economies of scale. B) product differentiation. C) oligopoly. D) illegal barriers to entry.