Which statement is true about advertising?
A. If you are a tomato grower you will make more profit by advertising widely.
B. Advertising is most useful if it is spent on new products of good quality.
C. It is best to spend advertising money on the products with the lowest quality and lowest consumer demand.
D. If John Kenneth Galbraith's "revised sequence" is correct, advertising is a waste of money.
Answer: B
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In examining two variables, we find that as one variable changes, the other changes. These variables are said to be
A) statistics. B) independent. C) casually related. D) correlated. E) significantly related.
The decline in net worth that can result from an unanticipated decline in the price level is known as ________
A) a credit boom B) deleveraging C) a debt deflation D) federal funds rationing