The type of advertising that emphasizes the features of its product is
A. search advertising.
B. informational advertising.
C. experience advertising.
D. persuasive advertising.
Answer: B
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Refer to above figure. What is the consumer surplus enjoyed by Hungarian consumers of Boeing aircraft in the situation?
What will be an ideal response?
Return to the situation with the executive from the previous question. Now assume that shareholders cannot observe effort, so cannot specify how hard the executive works in the contract but must induce it through the incentive scheme. Which of the following wage contracts would work out best for shareholders in equilibrium?
a. A flat wage w = 2,500 with no profit share. b. A share of 35% of the gross profits. c. A share of 55% of the gross profits. d. A share of 70% of the gross profits.
A Pareto improvement is any action that makes everyone better off
a. True b. False
Suppose that the government decreases its purchases of goods and services. Within the AD-AS model, the result will be ________ in real GDP and ________ in the price level.
A) a decrease; a decrease B) an increase; a decrease C) a decrease; an increase D) an increase; an increase