According to a study of the "beauty premium," how do the wages of people with average looks compare to those of people considered less attractive than average?

The period of the business cycle which follows the trough is the

A) recession. B) expansion. C) peak. D) All of the above may follow the trough.

Which of the following is NOT an example of consumer behavior consistent with the standard assumptions of microeconomic theory?

A) A concern for fairness can influence purchasing patterns. B) When demand increases, all else being equal, consumers expect price to rise. C) After a snowstorm, the demand for snow shovels increases. D) Snow shovels and snow plows are substitute goods. E) none of the above