When a firm relies on social media ads to reach potential customers, the firm is engaging in
A. mass marketing.
B. false marketing.
C. direct marketing.
D. none of these.
Answer: A
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What is measured on the vertical axis of the aggregate demand/aggregate supply model?
A) real Gross Domestic Product (GDP) B) nominal income C) the price level D) the interest rate
Firms in an oligopoly market tend to have strategies that are ____ and ____ economic profits. a. Independent of one another; earn guaranteed b. Independent of one another; are not guraranteed
c. Interdependent with one another; earn guaranteed d. Interdependent with one another; are not guraranteed
What is NOT a lagging indicator ?
At a price of $4, quantity supplied is 120, and at a price of $10, quantity supplied is 300. Using the midpoint formula, the price elasticity of supply is ________ and supply is ________.
A. 0.40; inelastic B. 0.1; inelastic C. 1; unit elastic D. 2.5; elastic