Firm X owns both tea and coffee plantations. It sells directly to the public. If the firm wants to increase the sales for the coffee, assuming that tea and coffee are substitutes, which of these strategies can it employ?
a. Increase the price for the tea
b. Offer free expedited shipping on the coffee
c. Advertise the tea more heavily
d. Both A&B
d
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Automobiles and many other products are differentiated. As a result
A) different countries may each have a comparative advantage in producing different types of automobiles. B) consumers of automobiles have difficulty deciding what type of imported automobile to buy. C) the quality of imported automobiles is less than it could be. D) we see countries specializing completely in the production of automobiles.
Discretionary Fiscal Policy differs from Nondiscretionary Fiscal Policy in that
A. the former is built into the system, whereas the latter requires timely decisions. B. the former requires timely decisions, whereas the latter is built into the system. C. the former deals with interest rates, and the latter deals with tax policy. D. the former deals with tax policy, and the latter deals with interest rates.