A store is choosing between advertising a credit card fee or a discount for paying cash to its customers. More customers are likely to pay cash if the store owner advertises:
A. the credit card fee.
B. the discount for paying cash.
C. either one; since it's the same outcome, people won't care one way or another.
D. neither one; since people are not likely to pay cash more regardless of how it's advertised.
A. the credit card fee.
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The relationship between the level of income and investment spending is known as the consumption function
Indicate whether the statement is true or false
The completion of the American national railroad network in the second half of the 19th century led to all of the following except
A. that it enabled manufacturers to sell their products all over the country. B. mass consumption. C. increased prices of goods sold which led to more investment and more jobs. D. higher wages.
If Americans develop a greater appreciation for Mexican-made goods, we should observe the following change(s) in the U.S. dollar-peso market:
A. the demand curve for dollars shifts right. B. a movement down the supply curve of dollars. C. the supply curve of dollars shifts left. D. the demand curve for pesos shifts right.
A numerical measure of income distribution is
A. the Lorenz Index. B. the Misery Index. C. the Gini coefficient. D. Gross Domestic Product (GDP).