Pepsi uses advertising to create the impression that Pepsi is superior to any other soft drink. Pepsi is attempting to:
A. differentiate Pepsi from other types of soft drinks.
B. lower the marginal cost of producing for Pepsi.
C. sell less Pepsi so they can raise the price of Pepsi.
D. convince consumers that Pepsi is identical to other soft drinks.
Answer: A
You might also like to view...
If the government undertakes expansionary fiscal policy, it:
A. could increase income taxes. B. expects aggregate demand to increase. C. expects aggregate demand to decrease. D. should force people to change their spending patterns.
In the long run, real output can be less than, equal to, or greater than the economy's potential output.
a. true b. false
Behavioral mechanism design economists face which of the following problems when solving policy issues?
A. How to find the right combination of social and moral incentives but without considering prices B. How much mathematics to include in the model, an issue only behavioral economists face C. How to convince people that their approach to policy issues will work, an issue only behavioral economists face D. How to find the right combination of market, social, and moral incentives that will achieve a goal
When the current production of goods and services in an economy is greater than planned aggregate expenditure, _____
Fill in the blank(s) with the appropriate word(s).