Firms that spend the greatest percentage of their revenue on advertising tend to be firms that sell
a. highly-differentiated consumer goods.
b. goods produced by natural monopolies.
c. agricultural products.
d. products with a limited shelf life such as milk and lettuce.
a
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As the Fed shifted to a highly expansionary monetary policy during the second half of 2008, why were banks reluctant to extend loans and make investments?
a. Banks did not have enough excess reserves to extend loans and make investments. b. The demand for loans was weak and the business climate was uncertain. c. The rate of return on short-term investments was high, so banks were reluctant to make long-term investments. d. The interest rate that the Fed pays on excess reserves was maintained at a high rate.
When a government intervenes to achieve a surplus in the nation's balance of trade, this action is consistent with the main tenet of ______
Fill in the blank(s) with the appropriate word(s).
How can the outsourcing of jobs cause production possibilities to expand?
What will be an ideal response?
Individuals are forced to make choices because
a. wants are unlimited. b. the supply of resources is infinite. c. wants are unlimited and resources are scarce. d. resources exceed wants.