A World View article titled "The Best Global Brands" discusses the value of brand names. Establishing brand loyalty can do all of the following except
A. Improve resource allocation efficiency.
B. Become a valuable economic asset.
C. Increase demand for the product.
D. Decrease the price elasticity of demand for the product.
Answer: A
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National income is equal to ________.
A. rent + transfer payments + interest + wages B. gross investment - depreciation + indirect business taxes - net foreign income C. wages + rent + interest + profits and losses D. net investment + depreciation + net exports + net foreign income
An example of a frictionally unemployed individual is
a. Sylvia, who quit her job to spend more time with her children b. Rod, the lifeguard, who cannot find a job because the temperature is too low in October c. Ileana, a college student who quits her job to return to school d. Steve, an individual does not have skills to keep his job as an aerospace engineer e. Samantha, who quits her job to look for better one
International capital flows in an open economy have the effect of
a. increasing the power of fiscal policy. b. reducing the power of fiscal policy. c. reducing the power of fiscal policy in an expansion, and increasing it in a contraction. d. increasing the power of fiscal policy in an expansion, and reducing it in a contraction.
If policymakers are concerned that the economy is in danger of rising inflation because aggregate demand is increasing faster than aggregate supply, the appropriate fiscal policy response is to
A) increase taxes. B) increase government spending. C) use expansionary fiscal policy. D) increase interest rates.