Critics of advertising argue that advertising leads to less elastic demand for products and a larger markup of price over marginal cost

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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If something is to serve as money it must be a store of value. This means that it must

A) be divisible. B) be the standard by which all goods are compared in setting prices. C) hold its purchasing power over time. D) be liquid.

Economics

Which of the following combinations is plausible, as it relates to a nation's balance of payments?

A. Current account = $+40 billion; capital account = $+20 billion; financial account = $-50 billion. B. Current account = $-50 billion; capital account = $+20 billion; financial account = $+30 billion. C. Current account = $+10 billion; capital account = $+40 billion; financial account = $+50 billion. D. Current account = $+30 billion; capital account = $-20 billion; financial account = $-50 billion.

Economics