An important reason why unconventional monetary policy was kept was that the:
A. inflation rate remained high.
B. inflation rate remained low.
C. short-term interest rate remained low.
D. short-term interest rate remained high.
Answer: B
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In California, proposition 209 eliminated racial preferences in college admissions
Indicate whether the statement is true or false
Which of the following is NOT a benefit of money when used as a medium of exchange?
A. allowing for some economic efficiencies B. providing economic growth C. allowing individuals to specialize D. allowing individuals to pay off debts
Refer to the information provided in Figure 15.1 below to answer the question(s) that follow. Below are cost curves for Dom's Barber Shop, a monopolistically competitive firm. 
Figure 15.1 Refer to Figure 15.1. From society's point of view, the ________ level is 25 haircuts.
A. minimum output B. monopoly output C. shut down D. efficient output
"As soon as a mayor announced his/her 'get tough on crime' policy on New Year's day, criminals got scared and the crime rate went down." Suppose that the lower crime rate was actually caused by freezing cold temperatures in January?it was just too cold for anybody to be out robbing other people. Which fundamental hazard of the economic way of thinking did the mayor make?
A. believing that what's good for one person is good for the whole group (the fallacy of composition) B. failing to take into account the benefits of crime (the payoff fallacy) C. believing that association is the same as causation D. failing to understand the difference between positive and normative economics.