Persuasive advertising is used to
A) induce a consumer to try a product and discover a previously unknown taste for it.
B) promote only used goods.
C) sell to an established clientele.
D) cut costs.
A
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The purchase and sale of financial instruments is not included in calculations of investment spending because ________
A) not all of these transactions are reported to the federal government B) both foreign and domestic economic agents can engage in the described transactions, but only U.S. economic agents can engage in investment C) they do not necessarily lead to a change in the amount of output produced in the United States D) they are already including in consumption spending
Which of the following taxes is based on the benefits-received principle?
a. corporate income taxes b. personal income taxes c. property taxes d. gasoline excise taxes e. user fees that collect the same amount from each person
In the long run, zero economic profit exists in monopolistic competition and perfect competition
a. True b. False Indicate whether the statement is true or false
A natural monopoly occurs when the? long-run average cost curve lies entirely above the demand curve of the typical firm in a? two-firm market.
A natural monopoly occurs when the? long-run average cost curve lies entirely
the demand curve of the typical firm in a? two-firm market.