Mass marketing involves
A) using all types of media, such as television and radio, to reach as many consumers as possible.
B) Internet ads only.
C) using direct mailings only.
D) lower-cost methods of advertising.
A
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The vicious circle of poverty is the trap in which the LDC is too poor to save and therefore it cannot invest and remains poor
a. True b. False Indicate whether the statement is true or false
On the basis of the equation of exchange, the policy makers of an economy predicted that an increase in money supply would result in an increase in real gross domestic product. This prediction was based on the assumption that: a. there were no fluctuations in the interest rate
b. the velocity of money in the economy did not increase. c. the nominal gross domestic product of the economy was constant. d. the discount rate was fixed.
The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
Kathleen likes avocado and crab dip. After eating avocado and crab dip with four crackers, she switches to cheese with crackers. We can conclude that
A. at this point cheese and crackers have a higher marginal utility per dollar spent than that of avocado and crab dip with crackers. B. the avocado and crab dip cannot have tasted that good. C. the avocado and crab dip with crackers now has a marginal utility of zero. D. Kathleen is no longer maximizing her utility.