Who among the following faced an opportunity cost?
A) The fiancée
B) The recently married bride
C) The cheating spouse
D) The divorcee
E) All of the above.
E
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What is the relationship between price, marginal revenue, and marginal cost when a single-price monopoly is maximizing profit?
What will be an ideal response?
Which of the following is an example of a positive economic statement?
a. The economy's output increased by 3 percent last year. b. A central bank should not print more money because inflation will result. c. Congress should stabilize the social security system by raising taxes now. d. The economy should grow at 5 percent each year. e. The government farm products surplus should be distributed to the needy.
Which of the following were not actions taken by the Federal Reserve in order to stimulate the economy during the recession of 2007–2009?
A. Decreasing the discount rate B. Suspending trading on the major stock exchanges C. Massive lending to banks D. Open-market purchases of assets other than Treasury bills
The advertisement approach that allows a consumer to follow up directly to an advertising message is known as
A. direct marketing. B. mass marketing. C. indirect marketing. D. interactive marketing.