When companies sell slightly different forms of a product to different groups of customers, this is known as
A. versioning.
B. editions.
C. market testing.
D. adaptations.
Answer: A
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At a fair carnival roulette wheel, a player can either win $10, $30, or $80 . If it costs $30 to play, would an individual gain or lose from playing the game?
a. Gain b. Lose c. Breakeven-neither gain nor lose d. None of the above
Tax evasion is illegal, but tax avoidance is legal
a. True b. False Indicate whether the statement is true or false
Discount rate policy is most often
A. lowered when market rates rise. B. used to actively control the money supply. C. the Fed’s primary tool of monetary control. D. passively changed by the Fed to follow market rates.
According to the Keynesian IS-LM model, what is the effect of each of the following on output, the real interest rate, employment, and the price level? Distinguish between the short run and the long run.(a)Expected inflation rises.(b)Wealth increases.(c)Labor supply decreases due to a change in demographics.(d)The future marginal product of capital decreases.
What will be an ideal response?