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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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
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