An advertising executive comes up with the slogan “Put the pep back in your life” to show how the Pep nutritional bar is more effective than many similar bars. The executive is taking part in ______.
a. a monopoly
b. an oligopoly
c. perfect competition
d. monopolistic competition
d. monopolistic competition
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Michigan Radio is the state's most listened-to public radio service, attracting approximately 400,000 listeners each week and is funded through listener donations
If Michigan Radio suffers from the free-rider problem then the market would provide an ________ quantity of the public good. A) efficiently small B) efficiently large C) inefficiently small D) inefficiently large
Unlike Germany, Japan has
A) a suppressed corporate debt market. B) laws against banks holding corporate stock. C) a large stock market. D) close ties between a firm and a single bank.
Many central banks, by law, focus only on inflation, but one of the laws governing the Federal Reserve mandates that the Federal Reserve focus on maintaining
a. high inflation and full employment. b. low inflation and high employment. c. high inflation and high employment. d. low inflation and full employment.
The large increase in the excess reserves held by the commercial banking system during the second half of 2008,
a. increases the likelihood of a sharp contraction in the money supply, which would increase the length and severity of the recession. b. increases the likelihood of a rapid increase in the money supply, potentially leading to future inflation. c. is merely a continuation of the trend present since 1990. d. reduces the ability of banks to extend additional loans.