When a firm advertises, it is attempting to
a. shift its supply curve to the right
b. shift its supply curve to the left
c. shift its demand curve to the right
d. shift its demand curve to the left
e. create a surplus
C
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From the end of the World War II, the debt-GDP ratio in the United States fell almost without interruption to a low point in ________, which marked the beginning of a long-run climb
A) 1955 B) 1962 C) 1974 D) 1984 E) 1990
Alex, who is risk-neutral, is looking for a one-bedroom apartment to rent for the month of August while he's on vacation in Seattle. All of the one-bedroom apartments in the neighborhood where he wants to stay are of equal quality, but 70 percent rent for $700 per month, 20 percent rent for $600 per month, and 10 percent rent for $500 per month. The first apartment Alex finds rents for $700 per month. Suppose Alex is risk-neutral. If the cost to Alex of searching for another apartment is $30, then will he search for another apartment?
A. No, because searching for another apartment is a less-than-fair gamble. B. Yes, because searching for another apartment is a better-than-fair gamble. C. Yes, because searching for another apartment is a fair gamble. D. No, because searching for another apartment is a fair gamble.