Advertising:
A. can convey useful information to consumers.
B. can cause perceived differences that don't exist and drive prices up.
C. can increase competition in the marketplace and lower prices.
D. All of these statements are true.
D. All of these statements are true.
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An appreciation of the U.S. dollar
A) makes our exports more expensive in terms of foreign currency and imports cheaper in terms of the dollar, increasing net exports. B) makes our exports more expensive in terms of foreign currency and imports cheaper in terms of the dollar, decreasing net exports. C) makes our exports less expensive in terms of foreign currency and imports cheaper in terms of the dollar, increasing net exports. D) makes our exports less expensive in terms of foreign currency and imports cheaper in terms of the dollar, decreasing net exports.
Currently, union membership in the United States is about:
a. 10 percent. b. 15 percent. c. 20 percent. d. 25 percent.
Why do Americans want to buy pounds?
a. To buy goods and services from British firms and to buy British assets. b. To purchase a British soccer shirt in New York. c. To purchase stock in British companies on the New York Stock Exchange. d. To purchase Canadian bonds. e. To buy goods and services only.
Refer to the accompanying figure. The equilibrium price is ________, and the equilibrium quantity is ________.
A. $25; 20 B. $25; 5 C. $30; 15 D. $35; 20