In one northern town, the snowmobilers enjoy snow while non-snowmobilers hate it. When the town gets two feet of fresh snow, which group is made wealthier?

Half of all your potential customers would pay $10 for your product but the other half would only pay $8 . You cannot tell them apart. Your marginal costs are $4 . If you set the price at $10, the expected profit is:

a. $3 b. $4 c. $5 d. $6

Alan Greenspan, who preceded Janet Yellen and Ben Bernanke as Fed chairperson, was a proponent of

A. discretionary intervention. B. inflation targeting. C. fiscal policy. D. a rules-based approach to monetary policy.