Defenders of advertising argue that it:
a. informs buyers and broadens the market for goods.
b. enhances economic efficiency by lowering prices.
c. enables small firms to compete more effectively with large ones.
d. all of these.
d
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Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and GDP Price Index in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period rises, and GDP Price Index falls. b. The quantity of real loanable funds per time period falls, and GDP Price Index remains the same. c. There is not enough information to determine what happens to these two macroeconomic variables. d. The quantity of real loanable funds per time period falls, and GDP Price Index rises. e. The quantity of real loanable funds per time period falls, and GDP Price Index falls.
What is fiscal policy? What is the relationship between fiscal policy and the federal budget?