Critics of advertising argue that it:
a. lowers price by increasing competition.
b. results in more variety of products.
c. establishes brand loyalty, which promotes competition.
d. serves as a barrier to entry for new firms.
d
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Other things remaining the same, ________ in U.S. real GDP results in ________ in U.S. imports
A) an increase; a decrease followed by no change B) an increase; an increase C) a decrease; an increase D) a decrease; no change E) an increase; a decrease
In the balance of payments, the buying and selling of real and financial assets is represented in
A) current account. B) financial account. C) labor account. D) official reserve transactions account.
If relative PPP held, then the real exchange rate must be equal to one
Indicate whether the statement is true or false
It can be shown that average revenue and price are always equal.
Answer the following statement true (T) or false (F)