Evidence from the market for eyeglasses suggests that advertising leads to
a. lower-quality products for consumers.
b. lower prices for consumers.
c. higher prices for consumers.
d. less concern on the part of consumers about price differences among similar goods.
b
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The Federal Reserve System is:
A. the agency of the U.S. government that insures commercial bank deposits. B. a group of twelve commercial banks. C. the central bank of the United States. D. the branch of the U.S. Treasury that keeps the U.S. gold reserves.
International trade between two countries
A) benefits only the receiving country. B) benefits only the sending country. C) benefits both countries. D) benefits neither country.
A federal program aimed at retraining the unemployed workers of the declining auto and steel industries is designed to reduce which type of unemployment?
a. seasonal b. cyclical c. structural d. frictional
ARRA involved substantial a. increases in government spending. b. decreases in government spending. c. increases in the money supply
d. decreases in the money supply.