Most businesses advertise their products and services. Some business use SPAM emails to advertise because the cost of a mass e-mail is close to zero. Other business spend millions of dollars to advertise in a 30-second spot during the Super Bowl. Having observed this real world data, economists argue that the amount of money that a business spends on advertising is a proxy for a good or service's
a. size.
b. quality.
c. newness.
d. cost of production.
b
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The supply and demand for saving are brought into equilibrium by adjustments of the ________ rate.
A. dividend B. real interest C. nominal interest D. discount
The Phillips curve assumes that shocks to the economy come from the demand side
a. True b. False Indicate whether the statement is true or false
In 2006, the American Association of Retired Persons (AARP) spent over $70 million on lobbying-related expenses in an attempt to get policies enacted that would benefit retirees. In economics, the term used to describe such activity is
a. logrolling. b. rent seeking. c. influence peddling. d. redistribution searching.
Referring to Table 4.2, Box L should be filled with 
A. $30. B. $6.00. C. $8.00. D. $12.50.