A product can be differentiated through
A) physical changes to the product.
B) marketing.
C) creating barriers to entry.
D) Both A and B.
D
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Banks hold 100% of their checking deposits as vault cash to ensure that bank runs do not occur
Indicate whether the statement is true or false
The United States is academically unique in having so many
a. trade schools. b. colleges of arts and sciences. c. business schools. d. fine arts schools.
If an increase in the government-imposed minimum wage pushes the price (wage) of unskilled labor above market equilibrium, which of the following will most likely occur in the unskilled labor market?
A. An increase in quantity of unskilled labor demanded. B. A decrease in the quantity of unskilled labor supplied. C. A shortage of unskilled labor. D. A surplus of unskilled labor (unemployment).
A market in which businesses, households, and governments buy and sell national currencies is
A. the dollar exchange market. B. the currency exchange market. C. the money exchange market. D. the foreign exchange market.