Which of the following cities in NOT the location of a Federal Reserve Bank?
A. Salt Lake City
B. Kansas City
C. St. Louis
D. San Francisco
A. Salt Lake City
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The cost of maintaining unemployment below its natural rate with expansionary government policy is: a. increasing inflation
b. decreasing inflation. c. always a larger federal deficit. d. always a smaller federal deficit.
Social regulation is focused on all of the following EXCEPT
A) the impact of production on the environment and society. B) better working conditions, and safer and better products. C) a better quality of life through a less polluted environment. D) ensuring costs are minimized and benefits are maximized.
If a restaurant in an integrated community has an entirely white wait-staff, economists suggest it is
A. employers who must be reacting to bigoted consumers. B. either employers discriminating for their own purposes or doing so on behalf of their bigoted customers. C. the employer who must be the bigoted party. D. most likely to be due to random chance.
In the short run, a firm's marginal cost tends to rise as more is produced because of
a. diminishing marginal returns. b. the implicit costs of production. c. diseconomies of scale. d. rising input costs.