A store is choosing between advertising a credit card fee or a discount for paying cash to its customers. People will care more about:
A. avoiding the fee rather than getting the discount.
B. neither; since it's the same outcome, people won't care one way or another.
C. getting the discount rather than avoiding the fee.
D. It is impossible to say without more information.
Answer: A
You might also like to view...
The slope of the consumption function is equal to:
A) the marginal propensity to consume. B) autonomous consumption. C) the marginal propensity to save. D) zero.
A decline in which of the following types of spending was not generally considered a part of the beginning and continuation of the Great Recession?
A) residential investment spending B) federal government spending C) consumer durables spending D) business investment spending
When Audrina raised the price of her homemade cookies, her total revenue increased. This suggests that the demand for Audrina's cookies is elastic
Indicate whether the statement is true or false
Using the information contained in Situation 20-1, if planned investment decreases by $100, the equilibrium aggregate output will change by
A) -$1,000. B) $-100. C) $100. D) $1,000.