Goals have many attributes, which of the following is not a main characteristic or attribute?
a. Intensity
b. Complexity
c. Priority
d. Procrastination
D
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Answer the following statements true (T) or false (F)
1) Industry advertisements work to promote specific brands. 2) Industrywide advertising is an example of a public good. 3) A hot dog sold by a street hot dog vendor is an example of a public good. 4) The quantity of advertising that maximizes the industrywide joint profit, is the quantity that sets the industry wide marginal benefit equal to the marginal cost. 5) If Icy Treats is a large Italian ice dessert chain with franchises located throughout the United States, it is likely that each franchise will have the same advertising marginal benefit schedule.
Which statement is true?
A. Most people would put in a maximum workweek of 48 hours no matter what the pay. B. As one's income rises, eventually the income effect outweighs the substitution effect. C. As one's income rises, eventually the substitution effect outweighs the income effect. D. The "backward bending" supply curve is not really backward bending.
Unemployment correlated with the ups and downs of the business cycle is called:
Fill in the blank(s) with the appropriate word(s).
An export subsidy helps reduce the selling price of a product by allowing individual producers to charge less and still cover all of their production costs.
Answer the following statement true (T) or false (F)