What is least accurate about marketing and selling in the US after the Civil War?
a. Advertising on a national scale became a widely accepted practice.
b. There was a large increase in firms with brand names.
c. There was a decrease in product differentiation—goods became more alike.
d. The quality of non-durable goods improved significantly.
c. There was a decrease in product differentiation—goods became more alike.
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The ________ is the number of unemployed divided by the labor force and the ________ is the number of employed divided by the adult population
A) unemployment rate; employment rate B) unemployment rate; employment ratio C) unemployment ratio; participation rate D) discouraged worker ratio; employment rate
The cable and subscription TV business is plagued with the problem of "signal theft." People use illegal receivers to capture the company's signal without paying. Enforcement of the company's property right is very expensive. This problem emerges because TV signals are basically
a. economic goods. b. invisible goods. c. depletable goods. d. public goods.