A longitudinal view of income differences
A) considers incomes across different groups by tracking them over time
B) considers incomes across different groups by creating a base year for comparison
C) considers income across different groups at a given point in time
D) averages all incomes into a single measure of differences
Answer: A) considers incomes across different groups by tracking them over time
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A) U.S. B) Iceland C) Finland D) New Zealand E) Greenland
In industrywide advertising, managers have an incentive to ________ and ________ for the advertising.
A) free -ride; not pay B) franchise; pay C) franchise; not pay D) free -ride; pay
Which of the following are ways to sell a customer additional units without dropping the price on previous purchases
a. Offer quantity discounts b. Offer two-part pricing ex: membership fees c. Bundle the goods together d. All of the above
An increase in supply is represented by a
a. movement downward and to the left along a supply curve. b. movement upward and to the right along a supply curve. c. rightward shift of a supply curve. d. leftward shift of a supply curve.