Which of the following is an example of a one-time investment made by a seller to reduce the transaction cost on all units of output?
a. Providing customers a wide range of products
b. Hiring a distribution agency
c. Merging with its rival brand
d. Creating a brand name which signals quality
D
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A classical economist believes that
A) if the economy was left alone, it would rarely operate at full employment. B) the economy is self-regulating and always at full employment. C) the economy is self-regulating and will normally, though not always, operate at full employment if monetary policy is not erratic. D) the economy is self-regulating and will normally, though not always, operate at full employment if fiscal policy is not erratic.
The estimates of the magnitude of government spending increase needed to have ended the 2007-2009 recession in the United States vary, based on the actual size of the expenditure multiplier, and range from
A) $250 million to $1 billion. B) $50 billion to $250 billion. C) $400 billion to $2.5 trillion. D) $5 trillion to $15 trillion.
Which of the following is a bank asset?
A) checkable deposits B) savings deposits C) borrowings in the federal funds market D) cash items in the process of collection
A defining feature of new growth theory is that it involves economic models of growth which account for:
A. population increases. B. technological progress. C. political changes. D. capital flight.