Which of the following is true about advertising?
A. It is a form of nonprice competition.
B. It is an efficient form of competition.
C. It is less important than price competition in oligopolistic and monopolistic competition.
D. It is a major component of competition in perfectly competitive markets.
Answer: A
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During the 1930s,
a. ordinary citizens were not allowed to hold gold. b. the US government fixed the price at which the Treasury would by and sell gold. c. production of gold soared. d. All of the above are correct. e. Only a and b are correct.
Use the rule of 70 to illustrate how small differences in growth rates can have a large impact on how rapidly the standard of living in a country increases
What will be an ideal response?
If the Fed can ________ inflation expectations, it might achieve ________ inflation without ________ the unemployment rate
A) lower; lower; lowering B) raise; lower; raising C) lower; lower; raising D) raise; higher; lowering E) lower; higher; lowering
Refer to the table above. What is the total benefit that the consumer derives when he consumes 4 quarts of milk?
A) $8 B) $22 C) $24 D) $25