Lumber Products can be modeled best using the model of

A. perfect competition.
B. oligopoly.
C. monopolistic competition.
D. monopoly.

Answer: A

Economics

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Real interest rates are

A) procyclical, just like nominal interest rates. B) acyclical, while nominal interest rates are procyclical. C) acyclical, just like nominal interest rates. D) countercyclical, while nominal interest rates are procyclical.

Economics

Teenage unemployment is substantially higher than unemployment among prime-age workers because teenagers

a. are more likely to switch jobs and move into and out of the labor force. b. are less likely to be in the labor force than are older workers since many teenagers are still in school. c. are more likely to be in the armed forces, therefore, they're counted as unemployed. d. generally think they can find jobs that are available only to experienced, highly skilled workers if they just search diligently enough.

Economics