Firms that sell highly differentiated consumer goods, such as over-the-counter drugs, soft drinks, breakfast cereals, and dog food, typically spend between 10 and 20 percent of revenue for
advertising.
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When individuals concentrate on a limited number of productive activities, this is known as
a. shirking b. productive inefficiency c. exchange d. specialization e. an economic system
In allocating time between competing uses,
a. an individual will try to maximize marginal utility per hour spent on one activity b. time is considered a free good c. an individual will try to equate marginal utilities per hour spent on each activity d. time can be purchased for cash e. an individual will try to equate the marginal utilities derived from each activity
Which of the following statements is correct?
a. A large, well-known corporation such as Intel generally would use financial intermediation to finance expansion of its facilities. b. On average, managed funds outperform indexed funds. c. Unlike corporate bonds and stocks, checking accounts are a medium of exchange. d. A mutual fund is a financial market.
To what extent can monetary policy be used to affect output in a fixed exchange rate regime? Explain
What will be an ideal response?