A firm advertising using an expensive, famous spokesperson is often
A) aimed to raise rivals' costs.
B) used to increase the total market demand.
C) used to steal customers from rivals.
D) used to focus on general problems the product addresses.
C
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An increase in the price level in the United States will reduce imports and increase exports
Indicate whether the statement is true or false
Mobutu Sese Seko was President of ________
A) Canada B) Zaire C) Cote d'Ivoire D) Tajikistan
Chicken and fish are substitutes. Therefore, the cross elasticity of demand between chicken and fish should be: a. negative
b. positive. c. zero. d. All of the above are possible.
In order to maintain stable prices, a central bank must
a. maintain low interest rates. b. keep unemployment low. c. tightly control the money supply. d. sell indexed bonds.