Which of the following are examples of product/service differentiation?
a. 24 hour dry cleaning service
b. Michael Jordan endorses Nike
c. Amazon's Prime Shipping
d. All of the above are examples of product or service differentiation.
d
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Refer to Table 9-8. Suppose that the data in the table above reflect the price levels in the economy. What is the inflation rate in between 2015 and 2016?
A) 2% B) 5% C) 10% D) 12% E) 20%
If national saving decreases
A) the sum of domestic investment and foreign investment must increase. B) the sum of domestic investment and foreign investment must decrease. C) foreign investment must increase to cover the loss. D) the sum of domestic investment and net exports must increase.
If an economy initially starts away from the steady state ________
A) output will gradually fall over time B) the economy will converge to the steady state in the long-run C) consumption spending must be greater than investment spending D) consumption spending must rise
The opportunity cost of attending a movie is the purchase price of a ticket
a. True b. False Indicate whether the statement is true or false