For which of the following products is social influence likely to have the greatest impact?
A) toothpaste
B) restaurants
C) high-blood pressure medication
D) school textbook
Answer: B
You might also like to view...
Economists refer to the actions people take after they have entered into a transaction that makes the other party to the transaction worse off as
A) economic inefficiency. B) moral hazard. C) market failure. D) bad faith.
The growth rate of potential GDP depends, among other factors, on the
a. rate of technological progress. b. unemployment rate. c. size of the labor force. d. rate of capital stock depreciation.
The central goal of the General Agreement on Tariffs and Trade (GATT) was to:
A. promote free trade associations and customs unions. B. reduce trade barriers. C. promote international security. D. ensure a balance of trade between countries.
Current account deficits are offset by
A) the liquidity balances. B) capital account surpluses. C) the basic balance. D) balance of trade surpluses.