Which of following is responsible for investigating fraudulent advertising?
a. Federal Reserve
b. Bureau of Standards
c. Federal Trade Commission
d. Department of Justice.
c
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Suppose when Nablom's Bakery raised the price of its breads by 10 percent, the quantity demanded fell by 15 percent. What was the effect on sales revenue?
A) Sales revenue increased. B) Sales revenue decreased. C) Sales revenue remained unchanged. D) It cannot be determined without information on prices.
The assignment of inputs to specific industries by central planners is made difficult by
a. the interdependency among industries. b. lack of data for decision making. c. the danger of a chain reaction among industries if an error is made at any point. d. All of the above are correct.
Competition for votes between two political parties will cause those parties to
A) produce quite different policy proposals. B) have very similar policy proposals. C) find ways to clearly distinguish themselves in order to give voters a clear choice. D) a and c E) none of the above
Increases in the stock of capital are the result of decreases in:
A. gross investment. B. depreciation. C. net investment. D. All of these.