The type of advertising that emphasizes the features of its product is
A) informational advertising.
B) persuasive advertising.
C) search advertising.
D) experience advertising.
Answer: A
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Economic freedom requires
A) that there are no regulations and restrictions set on businesses and households by the government. B) the rule of law and the ability to enforce the laws. C) strong labor unions. D) freedom to bribe government officials. E) that the government be a democracy.
When the U.S. exchange rate falls, U.S. goods become ________ to foreign residents and U.S. exports ________
A) less expensive; increase B) less expensive; decrease C) more expensive; decrease D) more expensive; increase
If goods A and B are complements, then
A) the cross elasticity of demand between A and B is negative. B) the cross elasticity of demand between A and B is positive. C) their income elasticities of demand are both greater than 1. D) their income elasticities of demand are both less than 1.
A usury ceiling will be effective depending on
a. whether the usury rate is above 10 percent. b. whether the usury rate is above 8 percent. c. whether that rate is below what the equilibrium rate of interest would have been in a free market. d. how well organized the lending institutions are.