The "Made in the USA" campaign was popularized by unions in an effort to influence which determinant of demand?
A. Incomes
B. Prices of related goods
C. Expectations of future prices
D. Preferences
Answer: D
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How do advertising and other selling costs affect a firm?
A) They shift the marginal cost curve upward. B) The only effect is that the excess capacity is reduced. C) The only effect is that the demand for the product increases. D) They shift the average total cost curve upward. E) The do not change demand and shift the average total cost curve downward.
The exchange rate £/$ is an example of a:
a. Real, effective exchange rate. b. Real, bilateral exchange rate. c. Nominal, effective exchange rate. d. Nominal, bilateral exchange rate.
If the interest rate is below the equilibrium interest rate, then the quantity __________ of money exceeds the quantity __________ of money, and there is a __________ of money
A) supplied; demanded; shortage B) supplied; demanded; surplus C) demanded; supplied; shortage D) demanded; supplied; surplus
Which one of the following industries is best classified as an oligopoly?
A. wheat farms in the United States B. textbook publishers C. retailing D. fast food restaurants