Which of the following statements regarding the creation of brand loyalty to create and maintain market power is false?
A) Brand loyalty efforts often focus on creating perceived, as opposed to real, differences among products.
B) Brand loyalty can be enhanced by improving the level of service associated with a particular product.
C) One study showed that, in the case of competing beers, brand loyalty has relatively little to do with price.
D) Brand loyalty is determined primarily by real differences in competing products.
D
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If the marginal propensity to import is ________, then a $2 trillion increase in disposable income would increase import expenditure by $0.2 trillion
If the marginal propensity to import is ________, then a $2 trillion increase in disposable income would increase import expenditure by $0.6 trillion. A) 0.1; 0.3 B) 0.6; 2.0 C) 0.2; 0.6 D) 1.0; 3.0 E) 0.3; 0.1
Which of the following could contribute to a rise in GDP yet may not be economically beneficial?
a. building schools b. water treatment plant construction c. tobacco sales d. airport construction
The shape of the marginal cost curve tells a producer something about the marginal product of her workers
a. True b. False Indicate whether the statement is true or false
The major purpose of the Federal Reserve buying government securities in open market operations is to:
a. Increase interest rates b. Raise money for government spending c. Allow banks to increase their lending d. Reduce the excess reserves of banks