An example of direct marketing is
A. allowing the use of the product for 7 days before the consumer is billed for the product.
B. the use of coupons in newspapers.
C. charging customers who pay with cash a different price than those using credit cards.
D. the use of personalized advertising by using mailing lists.
Answer: D
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A relatively flat demand curve indicates that
a. quantity demanded will adjust only slightly to a price change. b. quantity demanded will adjust significantly to a price change. c. quantity demanded will not adjust to a price change. d. the change in quantity demanded will exactly equal a change in price.
Inflation caused by a rise in per-unit production costs is referred to as:
A. hyperinflation. B. demand-pull inflation. C. cost-push inflation. D. unanticipated inflation.
Refer to the above figure. Moving from point A to point B indicates
A) an increase in supply. B) an increase in quantity supplied. C) a decrease in supply. D) a decrease in quantity supplied.
According to the above table, if these two countries trade
A) Mexico should import computers and the United States import bicycles. B) the United States should import computers and Mexico should import bicycles. C) the United States should export bicycles and Mexico should export computers. D) we cannot tell which country should export which good without knowing the amount of labor utilized in each country.