There can be no shortages or surpluses at the equilibrium price.
a. true
b. false
Ans: a. true
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Current research suggests that countries that adopt a pegged exchange rate may be more vulnerable to an exchange rate crisis
Indicate whether the statement is true or false
Economists assume people's tastes are
a. determined solely by advertising b. relatively stable over time c. quite variable d. irrelevant to utility analysis e. identical
It is often profitable for the white-males to accept lower paying positions to avoid working with women
a. True b. False Indicate whether the statement is true or false
When advertising enhances the ability of markets to allocate resources, it is most likely: a. manipulating people's tastes
b. increasing the brand loyalty of existing customers. c. advertising about the existence of new products. d. addressing psychological, rather than informational, characteristics of a good.