Which of the following elements are commonly emphasized by people who support advertisements?
a. increases competition; increases quality; provides product information
b. causes demonstration effect; increases quality; provides product information
c. causes demonstration effect; increases quality; increases competition
d. causes demonstration effect; causes “irrational” brand loyalty; provides product information
a. increases competition; increases quality; provides product information
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Several people in Neonland are expecting a sharp rise in the unemployment rate in the near future. Which of the following is likely to happen in this case?
A) The labor demand curves of firms in Neonland will shift rightward. B) Neonland's GDP will fall. C) Current consumption by households will increase. D) Investment by firms will increase.
The official settlements account records the
A) income used to settle international lawsuits. B) revenue collected from taxing exports. C) change in official U.S. reserves. D) revenue collected from taxing imports. E) change in the official U.S. exchange rate.
When productivity growth has been rapid and then slows, the natural rate of unemployment is likely to ________
A) decrease B) be unaffected C) increase D) vary unpredictably
Some states have laws that require that used car dealers give buyers a 30-day period during which they can return cars that are discovered to be lemons (low-quality). Who do laws like this help? Who do they hurt?
What will be an ideal response?