Offering goods that are similar to competitors' products but more attractive in some ways is called:
A. product distinction.
B. product differentiation.
C. price-point pinning.
D. deceptive advertising.
B. product differentiation.
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If a country allows free trade and imports cars, then it is the case that the gains to domestic producers outweigh the losses to domestic consumers
a. True b. False Indicate whether the statement is true or false
Equilibrium quantity is _____.
Fill in the blank(s) with the appropriate word(s).
Based on the chart for federal government expenditures, what are the three highest expenditure categories?
a. transfer payments, interest payments, and other expenditures
b. transfer payments, defense spending, and grants to state and local governments
c. defense spending , grants to state and local governments, and other expenditures
d. interest payments, grants to state and local governments, and other expenditures
Forward contracts are:
A. always standardized. B. an agreement between more than two parties. C. contracts usually involving the exchange of a commodity or financial instrument. D. easily resold.