Those who support advertising claim that advertisements focus on what ______.
a. producers want to sell consumers
b. consumers want
c. the government wants consumers to have
d. resource distributors want
b. consumers want
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Economic profit is equal to:
A. total revenue minus the sum of explicit and implicit costs. B. accounting profit plus implicit costs. C. total revenue minus accounting profit. D. accounting profit minus explicit costs.
Abercrombie & Fitch wants to raise $8 million to finance the construction of a new store, and the company wishes to raise the funds through direct finance. Which of the following methods could it use?
A) It could sell $8 million in bonds. B) It could borrow $8 million from a bank. C) It could issue $8 million in stocks. D) It could choose either A or C.
Why is it important to understand the bond market?
What will be an ideal response?
In games:
A. there is only one strategy associated with each outcome. B. there are several strategies that can achieve a single goal. C. all strategies followed in one particular game should all be similar in order to be successful. D. if one person's strategy is wildly different from those of others, he will typically come in first or last.