Managers can reduce the probability of product failure through ________, which ________ the firm's costs.

The law that established the Federal Reserve System is the _____

a. Federal Reserve Act of 1913 b. National Banking Act of 1863 c. Banking Act of 1933 d. National Banking Act of 1813 e. Federal Reserve Act of 1963

Refer to Scenario 1.1 below to answer the question(s) that follow.SCENARIO 1.1: An economist wants to understand the relationship between minimum wages and the level of teenage unemployment. The economist collects data on the values of the minimum wage and the levels of teenage unemployment over time. The economist concludes that a 1% increase in minimum wage causes a 0.2% increase in teenage unemployment. From this information he concludes that the minimum wage is harmful to teenagers and should be reduced or eliminated to increase employment among teenagers.Refer to Scenario 1.1. The statement that a 1% increase in the minimum wage causes a 0.2% increase in teenage unemployment is an example of

A. positive economics. B. equity. C. Ockham's razor. D. normative economics.