When a pharmaceutical company advertises that its allergy medication is clinically proven to alleviate hay fever symptoms, the pharmaceutical company is engaging in
A. direct marketing.
B. trademark protection.
C. informational advertising.
D. persuasive advertising.
Answer: C
Economics
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If real extraction costs do not change, the relative price of a finite resource would be expected to
a. fall over time. b. remain constant over time. c. rise at a rate given by the nominal rate of interest. d. rise at a rate given by the real rate of interest.
Economics
The aggregate economic rent received by a productive resource will decrease, ceteris paribus, whenever the:
A. Demand for the resource increases B. Price of the resource decreases C. Demand for the resource decreases D. Supply curve shifts to the right
Economics