If the price of smartphones was to increase, then
A) the quantity of smartphone apps demanded would increase.
B) the demand for smartphone apps would increase.
C) the demand for smartphone apps would decrease.
D) the quantity of smartphone apps demanded would decrease.
C
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A rising price level should shift the expenditure schedule
A. upward and decrease equilibrium real GDP. B. downward and increase equilibrium real GDP. C. downward and decrease equilibrium real GDP. D. upward and increase equilibrium real GDP.
Which of the following is not an argument used in favor of protectionism?
A. to protect an "infant" industry B. to reduce prices paid by domestic consumers C. to preserve national security D. to protect against "unfair" competition because of cheap foreign labor
If the interest rate of a foreign country is less than that of the domestic country, then the foreign country should have a positive forward premium on its currency.
Answer the following statement true (T) or false (F)
An example of direct marketing is
A. allowing the use of the product for 7 days before the consumer is billed for the product. B. the use of coupons in newspapers. C. charging customers who pay with cash a different price than those using credit cards. D. the use of personalized advertising by using mailing lists.