When you see an advertisement on TV for a hair care product in which the actor using the product is depicted as beautiful and happy, this is
A) informational advertising.
B) direct market advertising.
C) indirect market advertising.
D) persuasive advertising.
Answer: D
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The multiple by which the commercial banking system can expand the supply of money is equal to the
A. reciprocal of the federal funds rate. B. ratio of actual reserves to required reserves. C. reciprocal of the reserve ratio. D. ratio of required reserves to actual reserves.
A unit of output whose production and sale adds less to cost than it generates in additional revenue is
A) a profitable unit to produce and sell if marginal cost declines with additional output. B) a profitable unit to produce and sell if total receipts exceed total costs. C) a profitable unit to produce and sell unless it must be sold at a price below average unit cost. D) a profitable unit to produce and sell.
When the inflation rate ends up being lower than expected,
a. everyone benefits because money is cheaper b. everyone benefits because prices do not increase c. lenders of fixed-rate mortgages generally benefit because they will make higher profits than they had calculated d. borrowers with fixed-rate loans will benefit because their purchasing power will not decline as much e. no one benefits because everyone made financial calculations based on the projected interest rate
The Chinese protected its automobile industry through restrictive tariffs and quotas. Which of the following BEST describes this practice?
a. antidumping duties b. infant industry protection c. voluntary export restraints d. price discrimination