All the below choices are examples of promoting a firm's product, except
a. Advertising
b. Pricing
c. Discount coupons
d. End-of-aisle displays
b
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Answer the following statement(s) true (T) or false (F)
1. The slope of the budget line depends on the wage rate and the amount of human capital the worker has accumulated. 2. An increase in a worker's marginal productivity can cause an increase in the worker's non-labor income. 3. Human capital tends to increase over the course of a person's life. 4. Because people work more efficiently in periods of high productivity, they tend to work fewer hours because it does not take as long to complete assignments. 5. Unlike regular indifference curve analysis, that involving the labor consumption trade-off only includes income effects (not substitution effects) because labor only generates income.
When providing a good involves assembling several parcels of contiguous land, private individuals may encounter difficulty negotiating the purchase of those parcels
Indicate whether the statement is true or false
Using the information contained in Situation 20-1, if planned investment decreases by $100, the equilibrium aggregate output will change by
A) -$1,000. B) $-100. C) $100. D) $1,000.
If the MPC = 0.75, a decrease in personal taxes from $100 billion to $80 billion will increase real GDP by
A) $20 billion. B) $40 billion. C) $60 billion. D) $80 billion.