The human consequences of the Great Depression included
a. homeless families.
b. closed factories.
c. bankrupt farmers.
d. soup lines.
e. all of the above conditions.
e
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Administrative costs make small loans less profitable than large ones, other things equal
a. True b. False
Any costly activity firms undertake to protect their monopoly status is referred to as
a. market power b. price-setting behavior c. rent seeking d. economies of scale e. legal intervention
After a $5 million ad campaign, Coca-Cola measured its effectiveness by calculating the cross elasticity of demand between Coke and Pepsi. A successful campaign would be indicated if the cross elasticity went from
a. 0.9 to 0.5. b. 0.9 to 1.5. c. ?0.5 to ?0.2. d. ?0.9 to ?1.5.
Goods and services that are used up in the production of other goods and services are called ________ goods and services.
A. final B. nominal C. value added D. intermediate