When a company hires a celebrity to endorse its product, it aims to send a message about:
a. the heritage associated with its product
b. the competitive price offered for its product.
c. the market share it holds.
d. the quality of its product.
d
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What might prompt a fresh college graduate to turn down the first job offer he or she receives?
A) They do not wish to begin working. B) They'd rather continue straight into graduate school. C) They expect a better job offer is right around the corner. D) All of the above.
Everything else held constant, a decrease in net exports ________ aggregate ________
A) increases; demand B) decreases; demand C) decreases; supply D) increases; supply
The long-run Phillips curve is a(n) ____ line at the natural rate of unemployment
a. horizontal b. vertical c. upward-sloping d. downward-sloping
The law of comparative advantage explains why
A) countries but not individuals can benefit from specializing in the activities they do best. B) individuals as well as countries can benefit from specializing in the activities they do best. C) neither individuals nor countries can benefit from specializing in the activities they do best. D) individuals but not countries can benefit from specializing in the activities they do best.