Icy Treats is a large Italian ice dessert chain with franchises located throughout the United States. Icy Treats' advertising ________ promote the benefits of eating Icy Treats' icees and ________ highlight an individual Icy Treats location in Asheville, North Carolina.
A) will; will not
B) will not; will not
C) will not; will
D) will; will
A) will; will not
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Which of the following events would most likely reduce aggregate demand?
A. An increase in real interest rates. B. An increase in expected returns on investment. C. A reduction in business and personal tax rates. D. A reduction in the amount of existing capital stock.
The quantity theory of money assumes a constant ratio of ________
A) money demand to money supply B) money supply to nominal GDP C) money supply to real GDP D) real GDP to nominal GDP
. During most of the 1990s and 2000s, the trend in interest rates was:
A. sharply downward. B. mildly downward. C. mildly upward. D. just about constant.
Richard Bland quit his job as an accounting professor to start his own restaurant. He gave up a salary of $50,000 per year and withdrew $100,000 in bank CDs earning 5 percent to buy a building and equipment. In the restaurant's first year it had direct expenses of $75,000 and revenues of $150,000 . The restaurant's economic profit was
a. $15,000. b. $20,000. c. $75,000. d. not possible to determine from the information given.