When L.L. Bean decides to increase its prices due to general inflation, they must reprint the millions of catalogs they produce and distribute. The costs associated with doing so in response to inflation are called:
A. menu costs.
B. shoe-leather costs.
C. tax distortions.
D. printing costs.
A. menu costs.
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Within the Keynesian model, when total spending is less than the full-employment level of output, firms will
a. continue to produce the current level of output. b. cut production to reduce their inventory accumulation. c. expand production to reduce their inventory accumulation. d. cut production to build inventories.
The 10% tax surcharge in 1968 did not have much effect on people's consumption because:
A. people knew the tax was temporary. B. people thought the tax was small. C. people knew the tax was permanent D. people thought the tax was for a good cause.
This agency is responsible for protecting consumers from products posing fire, electrical, chemical, or mechanical hazards or dangers to children
A) Environmental Protection Agency B) Consumer Product Safety Commission C) Equal Employment Opportunity Commission D) Occupational Safety and Health Administration
Use the following table to answer the question below: The amount of total output produced from various combinations of labor and capital. 
If labor is fixed at three units, how much does the second unit of capital add to total output?
A. 150 B. 100 C. 210 D. 360 E. none of the above