Firms pay famous individuals to endorse their products because
A) apparently demand is affected not just by the number of people who use a product but also by the type of person that uses the product.
B) the firms are irrational and are wasting advertising expenditures.
C) famous people obviously know what are the best goods and services.
D) famous people only consume high-quality products.
Answer: A
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The deregulation of oil pricing will
a. increase our dependence on foreign oil. b. make the United States energy-independent by the year 2000. c. decrease domestic production. d. decrease the extent of the nation's dependence on foreign oil.
The value of corporate stocks and bonds traded in a given year is:
A. included in the calculation of gross private domestic investment. B. included in the calculation of GDP because they make a contribution to the current production of goods and services. C. excluded from the calculation of GDP because they make no contribution to current production of goods and services. D. included in the calculation of net private domestic investment.