The target market may consist of ___ who have specific needs and for whom the communication must be specifically tailored
Fill in the blank(s) with the appropriate word(s).
Answer: individuals
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In the market for domestic avocados, what would happen to the market clearing price and the equilibrium quantity if there was a drought in avocado growing areas?
A) The market clearing price would rise, and the equilibrium quantity would rise. B) The market clearing price would fall, and the equilibrium quantity would rise. C) The market clearing price would rise, and the equilibrium quantity would fall. D) The market clearing price would fall, and the equilibrium quantity would fall.
When we compare PAE and actual output (Y) if PAE is greater than Y we expect that:
A. eventually production will decrease. B. eventually production will increase. C. there will be no change in aggregate production. D. the government will intervene by cutting down on taxes.
Characteristics of the "invisible hand" concept include all of the following, except
A. Simple markets. B. Individuals and firms pursue their own self-interest without any central direction or regulation. C. A complete lack of government involvement in the economy. D. All of the choices are characteristics of the "invisible-hand."
In the above figure, starting at E3, if there is an increase in technology that causes a temporary increase in production capabilities
A. aggregate supply would shift to SRAS1 and LRAS1 would shift to LRAS1. B. aggregate supply would shift to SRAS2 and LRAS1 would shift to LRAS1. C. aggregate supply would shift to SRAS1 and then return to SRAS2. D. aggregate supply would shift to SRAS0 and LRAS1 would shift to LRAS0.