All else equal, false advertising is more prevalent in all of the following types of communities except which one?
A) a resort town
B) a college campus
C) a tourist destination
D) a small town with few visitors
D) a small town with few visitors
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If an oligopolistic industry organizes itself as a cooperative cartel, it will produce a quantity of output ________ the competitive level and ________ the monopoly level.
a. equal to, more than b. less than, more than c. less than, equal to d. more than, less than
_________ policy focused on educational spending and building the skills of the workforce generally contributes to a higher rate of economic growth.
a. Fiscal b. Monetary c. Investment d. Taxation
Based on the CPI, how do we measure annual inflation?
a. We compute the total price of a fixed set ("market basket") of goods and services in a base year, such as 2003, and in a future year, such as 2004. b. We get CPI for 2004 by multiplying the 2004 total cost with the 2003 total cost, and divide by 100 . A similar calculation will yield the CPI value for 2003. c. We get CPI for 2004 by adding the CPI value for 2003 to the CPI value for 2004, and multiply by 100. d. We compute the total cost of a fixed set ("market basket") of goods and services in a base year, such as 2003, and in a future year, such as 2004.
The amount by which consumption increases when after-tax income increases by $1 is called the:
A. marginal propensity to consume. B. consumption multiplier effect. C. marginal consumption revenue. D. variable propensity to consume.