Which of the following examples would most likely rely on prestige to differentiate a product?
a. a fishery
b. a soybean farm
c. a tungsten mine
d. a fine jewelry store
d. a fine jewelry store
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The Federal Reserve is the nation's central bank. Therefore, does it provide banking services to individual citizens?
What will be an ideal response?
What is the principle of diminishing marginal utility?
What will be an ideal response?
If the U.S. interest rate differential increases, then in the foreign exchange market the
A) quantity of U.S. dollars supplied increases. B) supply of U.S. dollars decreases. C) demand for U.S. dollars does not change. D) supply of U.S. dollars increases.
A positive externality is created if:
A. an action harms someone not involved in the market transaction. B. an action benefits someone not involved in the market transaction. C. neither helps nor hurts someone not involved in the market transaction. D. an action harms or benefits someone not involved in the market transaction.