Advertising a brand can help create a reputation effect.
Answer the following statement true (T) or false (F)
True
Positive brand identification creates and conveys a positive message about a business's products and services.
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How has growth in M2 minus the growth in real GDP compared to the inflation rate in the United States?
What will be an ideal response?
Imposition of an output tax on all firms in a competitive industry will result in
A) a downward shift in each firm's marginal cost curve. B) a downward shift in each firm's average cost curve. C) a leftward shift in the market supply curve. D) the entry of new firms into the industry. E) higher profits for the industry as price rises.
Private benefits are those benefits that accrue:
A. without compensation to someone other than the person who caused them. B. indirectly to the decision maker of a market exchange. C. directly to the decision maker of a market exchange. D. to third parties without direct government intervention.
What is one way to measure technological progress?
(A) Any increases in labor minus increases in capital. (B) Total growth plus increases in capital and labor. (C) Total growth minus increases in capital and labor. (D) Any increases in capital minus increases in labor.