Since people generally know that celebrities are paid to endorse products, celebrity endorsements signal to consumers that:
A. the product is likely to be popular.
B. the celebrity loves the product.
C. only rich people can afford the product.
D. All of these
Answer: A
You might also like to view...
Suppose a Cournot oligopoly is operating in a market where demand is linear and marginal costs are constant. We can conclude that the total output supplied is
a. 1/3 of the perfectly competitive output. b. 1/2 of the perfectly competitive output. c. 2/3 of the perfectly competitive output. d. equal to the competitive output.
Efficient production of a public good requires:
a. that individuals pay for such goods according to benefits received. b. that each individual's MRS be equal to the RPT of public goods for private goods. c. that the sum of individuals' MRSs be equal to the RPT of public goods for private goods. d. that governments produce at the low point of the average cost curve for the public good.
The principal of a loan is the:
A. original amount of the loan. B. set of rules and conditions borrowers agree to when taking out a loan. C. set of rules and conditions savers agree to when agreeing to let someone borrow their money. D. original amount that people want to borrow.
When the relationship between two variables changes,
A. The curve becomes linear. B. There is movement from one point on the curve to another point on the curve. C. The entire curve shifts. D. All of the choices are correct.