In which of the following ways do those who criticize advertising and those who support advertising disagree?
a. the effect of ads on prices
b. the number of ads on TV
c. the expense of ads for firms
d. the importance firms place on ads
a. the effect of ads on prices
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Much of each year's federal budget is considered "uncontrollable" because
A. Most of the current revenues and expenditures are the result of decisions made in prior years. B. It is determined by decision makers who do not have the power to change spending and taxes. C. It must be spent for purchases, as opposed to transfer payments. D. None of the choices are correct.
A proprietorship is a business
A) with annual sales below $100,000. B) in which the stock of the company is closely held by members of one family. C) which produces a service rather than goods. D) owned by one individual who is responsible legally for the debts of the firm.
An example of a cooperative game would be
A. oligopoly. B. perfect competition. C. monopolistic competition. D. a cartel.
What is the key macroeconomic issue of the short run and what is the key macroeconomic issue of the long run?
What will be an ideal response?