A Business Wire report shows that sales at Target stores increased in 2012 compared to the previous year. (Source: Business Wire, August 30, 2012 ) Incomes grew slightly between 2011 and 2012
Using that fact and the sales data given above means that Target definitely is selling goods and services that A) are normal.
B) are inferior.
C) have an income elasticity of zero.
D) have an income elasticity of 1.
A
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A) if it focuses on a general problem that the product addresses. B) if it focuses on a secret ingredient that only this firm possesses. C) if rivals do not advertise. D) if rivals advertise.
If suppressed technologies exist then
A) CEOs must stress market share. B) CEOs are being inefficient. C) markets are too competitive. D) government must fund R and D.
Using 1995 as the base year to calculate Pago-Pago's terms of trade, its terms of trade in 2001 was 95 . We know then that its terms of trade in 1995 was
a. 0 b. 95 c. 100 d. 5 e. 195
If a friend tells you that he is certain a stock price will rise based on information he heard on television or saw on the Internet, should you be skeptical? Explain