As of July 2009, the legal hourly minimum wage was ________.
A. $5.15
B. $6.20
C. $7.25
D. $12.30
C. $7.25
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Which is a behavioral economics justification for limiting advertising directed towards children?
A) Children have no money. B) Children pester their parents too much. C) Children have no memory. D) Children do not always have transitive preferences.
Two bottles of body wash sit side-by-side in a grocery store: Olay (a brand name) sells for $6.00, while Up and Up (not a brand name) sells for $3.00 . Even defenders of brand names would have to admit that
a. no rational consumer would spend twice as much for Olay as she would for Up and Up. b. the side-by-side presence of these two body washes conveys no useful information to consumers. c. Olay has no incentive to maintain the quality of its product just because of the Olay brand name. d. None of the above is correct.
If beginning stocks for 2014/2015 are adjusted upward in the May (2014) WASDE report, then the estimate of the supply of corn for 2014/15:
a. Is decreased b. Is increased c. Is not affected by the adjustment
An Edge Act Corporation is:
A. a company created by a non-bank corporation used to purchase and operate banks. B. a company created so a U.S. bank can operate in more than one state. C. a subsidiary of a bank created to provide insurance and securities services. D. a subsidiary of a domestic bank that is established specifically to engage in international banking transactions.