Consumers choose their cellphone plans according to their needs and package features. This is an example of

A) importance of information to consumers' choices.
B) importance of making personal budget.
C) maximizing an objective that is subject to a constraint.
D) minimize the cost of cellphone usage.


C

Economics

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A firm advertising using an expensive, famous spokesperson is often

A) aimed to raise rivals' costs. B) used to increase the total market demand. C) used to steal customers from rivals. D) used to focus on general problems the product addresses.

Economics

Extremely high rates of inflation such as that experienced by Nicaragua in the 1980s are described as

A. deflation. B. hyperinflation. C. disinflation. D. inflation.

Economics

Which of the following is (are) not a permanent voting member(s) on the fome?

A. The Secretary of the Treasury B. The seven Governors of the Fed C. The chair of the Board of Governors D. The President of the Federal Reserve Bank of New York

Economics

Recall the Application about reducing pollution generated from international shipping to answer the following question(s).Recall the Application. Of the following CO2 reduction methods for international shipping, which has the lowest marginal abatement cost (MAC)?

A. weather-sensitive routing B. switching from diesel to gas-powered engines C. reducing speed and increasing fleet size D. installing fixed sails and wings

Economics