The manager of the customer service department at a bank can hire employees with a high school degree (HS) who earn $10,000 annually or employees with a bachelor's degree (B) who earn $20,000. The manager wants to maximize the number of customers served given a fixed payroll.
Given the above info, if the manager's payroll is $120,000, what should be done to maximize the number of customers served?
A. Hire four HS and four B.
B. Hire six HS and three B.
C. Hire five HS and five B.
D. Hire two HS and five B.
Answer: B
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Refer to the figure below. Consider the original supply and the original demand curve. If the government imposes a price ceiling of $1.00 on a cup of coffee, then there would be: 
A. a new equilibrium at a price of $1.00 per cup and a quantity of 50 cups per hour. B. a short-term excess demand for coffee, followed by an increase in the equilibrium price. C. an excess supply of coffee. D. an excess demand for coffee.
Which of the following circumstances would not cause GDP to either understate or overstate economic well-being today in comparison to that which existed 75 years ago?
A. A shorter workweek today B. Greater military spending today C. A trend toward merger and consolidation of business firms D. More air and water pollution
The random walk theory implies that stock prices
a. go down, then up, and then down again. b. follow systematic trends. c. can be forecast accurately by experts who are knowledgeable about how the stock market works. d. will change as the result of unexpected factors that are virtually impossible to forecast accurately.
Because the seller of a used car has more information than the buyer:
A. the problem of bargaining imbalance occurs. B. the problem of adverse selection occurs. C. the problem of information overload occurs. D. the problem of moral hazard occurs.