Which of the following advertising blurbs conveys the most helpful information?
a. “Buy a Blue Note automobile and add some jazz to your life.”
b. “Our store hours have expanded till 10:00 pm!”
c. “Jenkins Electronics offers the best HD TVs available.”
d. “When you wear Sapphire cosmetics, you’ll look like a million.”
b. “Our store hours have expanded till 10:00 pm!”
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Using the table above, the elasticity of demand is equal to 1 at a price of
A) $8. B) $6. C) $5. D) $3. E) $1.
Which kind of risk affects the opportunity cost of capital?
A) Nondiversifiable risk B) Diversifiable risk C) Both nondiversifiable and diversifiable risk D) The risk inherent in "riskless" assets such as U.S. Treasury bills E) The risk inherent in "riskless" portfolios such as broad stock market holdings
Empirical evidence across numerous countries indicates that changes in the ________ are associated with nearly equiproportional changes in ________
A) money supply, real GDP per year B) money supply, price level C) price level, money supply D) real GDP per year, income velocity of money
Which of the following goods is nonrival in consumption and excludable?
a. Grand Canyon National Park on a rainy, cool day b. Disney World on a rainy, cool day c. a crowded public beach on a sunny, warm day d. White Mountain ski resort on a sunny, mild day