The main purpose of hiring the celebrity endorser is to:
A. make the customers try the product for the first time.
B. make the customers buy the product repeatedly.
C. convince the customers that using the product will turn them into celebrities as well.
D. pay for the endorser's retirement expenses.
Answer: A
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All of the following are associated with a mixed economy except
A. some public influence over the workings of free markets. B. public ownership mixed in with private property. C. public ownership of the society’s productive resources. D. different countries blending the state and market sectors in different ways.
Which one of the following will cause velocity to increase?
A. Decreasing the interest rates B. Increasing the efficiency of the payments system C. Switching from weekly to monthly payroll checks D. Increasing the money supply
Which of the following firms has unlimited liability?
A) only proprietorships B) only partnerships C) only corporations D) both proprietorships and partnerships
If national saving decreases
A) the sum of domestic investment and foreign investment must increase. B) the sum of domestic investment and foreign investment must decrease. C) foreign investment must increase to cover the loss. D) the sum of domestic investment and net exports must increase.