Branding:
A. can be a barrier to entry.
B. guarantees high-quality products.
C. promises the differences in products are completely perceived and not real.
D. All of these statements are true.
A. can be a barrier to entry.
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What is the loanable funds market? What happens if the real interest rate in the market is held above the equilibrium interest rate?
What will be an ideal response?
When the actual price level in an economy turns out to be lower than that expected in the short run, _____
a. businesses cut back production b. the potential output level decreases c. the aggregate supply curve shifts leftward d. the aggregate supply curve shifts rightward e. an expansionary gap develops
As the Asian financial crisis of 1997 began to spread, it became obvious to investors that Korean investments would provide lower returns than expected. What was the impact of such a realization on the foreign exchange market?
a. The supply of Korean won decreased as people tried to withdraw their Korean investments. b. The price of dollar in terms of Korean currency decreased as people invested more in U.S. assets. c. The demand for dollars decreased as investors realized that there is a worldwide crisis going on. d. The demand for dollars increased as investors put their money in U.S. and other foreign assets. e. The demand for Korean won increased as investors decided to invest in Korean assets.
Isabella is on a temporary layoff from her factory job. If Isabella participates in the BLS survey, she will be classified as
a. unemployed and in the labor force. b. unemployed and out of the labor force. c. employed and in the labor force. d. employed and out of the labor force.