Advertising that has the fine print "professional driver on a closed course,"
A) is likely engaged in persuasive advertising.
B) is likely engaged in informative advertising.
C) is likely engaged in strategic advertising.
D) is likely engaged in false advertising.
A
Economics
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In a prisoner's dilemma, the Nash equilibrium occurs where
A) neither person ends up with their best outcome. B) both end up with their best outcome. C) only one ends up with his best outcome. D) the one who goes first ends up with his best outcome.
Economics
The increase in the demand for widgets, shown in the figure above, is the result of an increase in people's incomes from $28,500 per year to $31,500 per year. Therefore, the income elasticity of demand for widgets is
A) 0.25. B) 0.75. C) 1.33. D) 4.00.
Economics