Firms that spend the greatest percentage of their revenue on advertising tend to be firms that sell
a. industrial products.
b. homogeneous products.
c. consumer goods for which there are no close substitutes.
d. highly-differentiated consumer goods.
d
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Under socialism, no markets can operate at all
a. True b. False Indicate whether the statement is true or false
Assuming all excess reserves are loaned out, if the reserve ratio is 40 percent, the money multiplier will be equal to:
A. 2. B. 2.5. C. 4. D. 6.
Between the start of 20162016 and the start of 20172017?, a? country's economic growth rate was 4 percent. Its population did not change during the? year, nor did its price level.
What will be an ideal response?
A monopolist that engages in perfect price discrimination
a. divides all buyers into two mutually exclusive groups b. refuses to sell to consumers of certain races, sexes, or creeds c. charges the same price for every unit sold d. charges a different price for every unit sold e. charges buyers who want a little of the good a low price and charges buyers who want a lot of the good a high price