What is the most efficient way a company can grow top-line profitably?
a. Acquire new customers
b. Retain and increase sales to existing customers
c. Create new products
d. Assess whether the economy is actually growing
e. All of the above
b. retain and increase sales to existing customers
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The proposition of monetary neutrality states that changes in the money supply have:
A) no impact on output in the short run B) no impact on output in the long run C) no impact on the price level in the short run D) no impact on the price level in the long run
Which of the following does NOT involve transfers in kind?
A) public housing B) food stamps C) Medicare D) salaries of government employees
The incentive to cheat is strong in a cartel because:
A. there is a significant lack of government regulation of cartels, especially those in worldwide production. B. each firm can increase its output and thus its profits by cutting price. C. the marginal revenue for an individual firm is greater than marginal cost at the profit-maximizing price set by the cartel. D. the costs of production are the same for each firm, but the product demand differs.
Consider the above figure. If the aggregate demand curve rose from AD1 to AD3, our nation would be experiencing
A) falling prices. B) an inflationary ga