Which of the following slogans use customer loyalty to sell its product?
a. You know these hamburgers are good, they're Wendy's.
b. Wendy's Hamburgers, a new type of burger
c. Treat yourself to the best burgers, eat at Wendy's
d. Get the most for your money, eat Wendy's Hamburgers.
Ans: a. You know these hamburgers are good, they're Wendy's.
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Which of the following expenditures is classified as a mandatory expenditure of the U.S. federal government?
A) federal employee salaries B) national defense C) Medicaid D) foreign aid
When interest rates rise, the price of bonds:
(a) Increases (b) Decreases (c) Stays the same (d) can be determined.
Justin never keeps track of the sales and discounts offered in the stores at various times of the year, while his sister does. This implies that Justin has a higher price elasticity of demand than his sister
Indicate whether the statement is true or false
Which of the following events could cause an increase in the supply of ceiling fans?
a. The number of sellers of ceiling fans increases. b. There is an increase in the price of air conditioners, and consumers regard air conditioners and ceiling fans as substitutes. c. There is an increase in the price of the motor that powers ceiling fans. d. All of the above are correct.