Products can be differentiated
A) if the buyers are homogeneous and their number increases.
B) by location and by brand name.
C) only by brand name.
D) none of the above.
Answer: B
Economics
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Nominal income is equal to real income if the CPI is less than 100
Indicate whether the statement is true or false
Economics
In which of the following situations would you prefer to be the lender?
A) The interest rate is 9 percent and the expected inflation rate is 7 percent. B) The interest rate is 4 percent and the expected inflation rate is 1 percent. C) The interest rate is 13 percent and the expected inflation rate is 15 percent. D) The interest rate is 25 percent and the expected inflation rate is 50 percent.
Economics