If a firm has two plants, one located in desirable Scenic Springs and the other located in the undesirable Swamp Lands, the workers in Scenic Springs will be paid ________ than the workers in Swamp Land and the difference in wages is referred to as a ________.

When Dominant Pizza is willing to sell a pizza to a student who lives on-campus at a lower price than it sells the identical pizza to a student who lives a block away from the campus, the pizza firm is ________

A) practicing price discrimination B) unfair C) incurring a loss on on-campus sales D) eliminating all competition

Which of the following is the official policy-making body of the Federal Reserve System?

a. Federal Advisory Council b. The U.S. Treasury c. The Federal Open Market Committee d. The Board of Governors e. The Federal Reserve district banks