All of the following are limitations of direct consumer surveys except:
A) the possibility that consumers' responses may not reflect their actual behavior in the market place.
B) the possibility of response biases because survey respondents may not want to reveal their true preferences.
C) the likelihood that respondents will deliberately and systematically mislead interviewers.
D) the possibility that the type of questions asked may unintentionally bias the respondent's answers.
C
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If Happy Campers, Campers R Us, and Happy Trails each have a market share of 22 percent, according to Chinese law, Happy Campers ________ be considered a dominant firm because the total market share across the three firms is ________ percent.
A) would; 66 B) would; 22 C) would not; 66 D) would not; 22
When salaries are paid more frequently, the velocity of money speeds up because individuals hold more cash
a. True b. False Indicate whether the statement is true or false
If borrowers and lenders expect a higher rate of inflation
What will be an ideal response?
When talking about aggregate supply, it is necessary to
A. focus on the short run. B. focus on the long run. C. distinguish between the long-run aggregate supply curve and the long run aggregate demand curve when all adjustments to price level changes have been made. D. distinguish between the long-run aggregate supply curve and the short-run aggregate supply curve.