Critics of advertising argue that advertising
a. creates desires that otherwise might not exist.
b. hinders competition.
c. often fails to convey substantive information.
d. All of the above are correct.
d
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Over time, the price of personal computers has fallen dramatically. All else constant, this would lead us to expect that demand for personal computers has become more price elastic
Indicate whether the statement is true or false
The demand for U.S. dollars by foreign nations increases as:?
What will be an ideal response?
The branch of economics which studies how households and firms make choices, interact in markets, and how government attempts to influence their choices is called
A) microeconomics. B) positive economics. C) normative economics. D) macroeconomics.
Nominal GDP will always equal real GDP: a. if prices are declining
b. in the base year. c. if prices are increasing. d. if the economy's total production does not change.