Which of the following statements is correct?
A. Both cash and noncash gift-giving cause value losses.
B. Neither cash nor noncash gift-giving causes value losses.
C. Noncash gift-giving creates a value loss, but cash gifts do not.
D. Cash gifts create a value loss, but noncash gifts do not.
Answer: C
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Consumer loyalty tends to be very low in markets such as cola drinks and tobacco products
a. True b. False Indicate whether the statement is true or false
How does a budget deficit lead to a trade deficit?
a. The trade deficit triggers higher interest rates, which increase the budget deficit. b. The budget deficit leads to higher interest rates and exchange rates, which shrink net exports. c. The trade deficit causes lower interest rates, which leads to economic recession and a budget deficit. d. The budget deficit causes lower exchange rates, which decrease net exports.
Suppose the Congress and president decreased the maximum annual contributions limits to retirement accounts and at the same time reduced the budget deficit. What would happen to the interest rate?
a. It would decrease. b. It would increase. c. It would stay the same. d. It might do any of the above.
A reduction in current consumption to pay for the investment in capital intended to increase future production is known as the:
A. investment trade-off. B. consumption effect. C. substitution effect. D. income effect.