________ established the Federal Trade Commission to investigate "…the organization, business conduct, practices, and management" of companies that engage in interstate commerce.
A. Congress
B. The Treasury Department
C. The Federal Reserve
D. The Supreme Court
Answer: A
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What are the major problems that will tend to arise if there are legal limits on the movement of prices?
A. Favoritism and corruption of officials and market participants B. Unenforceability of laws and higher costs of transactions C. Increasing restrictions to enforce the laws D. Misallocation of resources as prices no longer correspond to costs E. All of these responses are correct.
Other things constant, which of the following job characteristics would be most likely to result in a higher pay rate for the job?
a. The employer provides low cost child-care services on the premises. b. The job requires substantial amounts of stressful out-of-town travel. c. The job involves working in pleasant surroundings. d. The job is widely viewed as prestigious.
Which of the following statements is TRUE about income and wealth?
A. Both income and wealth are stock measures. B. Income is a flow measure and wealth is a stock measure. C. Income is a stock measure and wealth is a flow measure. D. Both income and wealth are flow measures.
Refer to the information provided in Figure 15.3 below to answer the question(s) that follow. 
Figure 15.3 Refer to Figure 15.3. In the short run, this company is ________, and in the long run, it should expect to ________.
A. suffering a loss; shut down B. suffering a loss; break even C. breaking even; break even D. making a profit; break even