The goal of advertising is to
A) increase the price elasticity of demand for the firm's product.
B) reduce the price elasticity of demand for the firm's product.
C) increase the standardization of the industry.
D) encourage firms to enter into the industry.
Answer: B
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In the United States, out-of-pocket spending on health care as a percentage of all spending on health care has ________ since 1960
A) remained stable B) more than doubled C) slowly risen D) steadily declined
When a U.S. firm sells a good abroad for, say, 100 euros (assume $1.5=1euro), U.S. net exports increase by $150. These $150 in exports can be accounted for as $150 increase in capital outflow because ________
A) private consumption in the foreign country increases by $150 B) if the U.S. firm uses the 100 euros to buy a share of stock in a foreign firm, the firm is supplying U.S. capital to that foreign firm C) if the U.S. firm uses the proceeds to buy a U.S. bond, capital investment in the foreign country has increased D) all of the above E) none of the above
Define incrementalism and give two reasons why incrementalism might be efficient
What will be an ideal response?
The graph shown demonstrates a tax on buyers. What is the amount of tax revenue being generated from the tax?
A. $48 B. $36 C. $72 D. $96