As in the modern world, price-discriminating railroad industrialists of yesteryear charged the highest prices in markets with the steepest competition

If the German interest rate is 4% and the U.S. interest rate is 5%, what is the expected change in the value of the dollar in terms of the euro?

A) 1% B) -1% C) 9% D) -9%

A consumer becomes loyal to a product when:

a. the good is available at a very low price. b. the product is as good as its substitutes. c. the product comes with a gift occasionally. d. he/she has had a positive experience with that good. e. discounts are offered periodically.