A credible promise is:
A. in the promiser's interest to keep.
B. possible to keep.
C. legally enforceable.
D. made by a honest person.
Answer: A
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What makes the supply of U.S. dollars change?
What will be an ideal response?
A market with many sellers, some influence over price, low barriers to entry, a differentiated product, and non-price competition often taking the form of advertising is known as
A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.
Refer to the accompanying table below. The marginal cost of the 3rd unit of this activity is: Units of ActivityTotal CostTotal Benefit0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225
A. $30 B. $25 C. $10 D. $20
A grocery store put salt on sale but found that total revenues fell. This can be explained by which of the following?
A. The demand for salt is inelastic. B. The demand for salt is unitary elastic. C. The demand for salt is very elastic. D. The demand curve for salt is vertical.