A firm advertising using an expensive, famous spokesperson is often
A) aimed to raise rivals' costs.
B) used to increase the total market demand.
C) used to steal customers from rivals.
D) used to focus on general problems the product addresses.
C
Economics
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The balance of trade can only worsen if income ________ relative to absorption
A) increases B) decreases C) does not change D) None of the above
Economics
In analyzing macroeconomic data during the past year, you have discovered that average labor productivity fell, but total output increased. What was most likely to have caused this?
A) There is nothing unusual in this outcome because this is what normally occurs. B) The capital—output ratio probably rose. C) There was an increase in labor input. D) Unemployment probably increased.
Economics