FDA rules ban advertising of cigarettes within 1000 feet of a school or playground and banned cigarette vending machines anywhere those under 18 are allowed
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F The FDA attempted to impose these rules but the rules were successfully challenged by cigarette companies in federal courts.
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For a normal good, the income elasticity of demand is:
A) positive or negative depending on the share of income accounted for by the good. B) always equal to 1. C) positive if income increases and negative when income declines. D) always positive.
Explain why the average cost curve for the long run differs from that for the short run.
What will be an ideal response?
A conglomerate merger involves
a. two companies in the same line of business joining together b. a buyer's expanding operations forward toward the final customer c. a buyer's expanding operations backward toward the source of raw material d. companies in unrelated lines of business coming together e. b and c
Most cohesion funds in the EU budget go to the wealthier EU member nations
Indicate whether the statement is true or false