Bonnie has just purchased a crystal vase she saw advertised when she went on line to find her local weather forecast. The Internet ad is an example of
A) mass marketing.
B) direct marketing.
C) indirect marketing.
D) interactive marketing.
Answer: A
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A legitimate concern about illegal immigration is that it:
A. Tends to lead to higher product prices B. Has a negative fiscal impact on local and state governments C. Causes a one-for-one reduction in employment for legal residents D. Causes the average wage level in the U.S. to fall
If the nominal interest rate is less than the equilibrium nominal interest rate determined in the money market, then households and firms
A) are holding less money than they prefer. B) are holding more money than they prefer. C) expect real GDP to increase. D) expect the price level to increase. E) expect the nominal interest rate to decrease.
If the wage rate increases and firms in a perfectly competitive industry are hiring labor, then
A) the firms will quit using labor.
B) profits will increase.
C) market supply will decrease.
D) market price will decrease.
Subjective probabilities
A. are often inaccurate. B. are seldom used in management decisions. C are usually identical to objective probabilities. D. All of the above