Which of the following examples of product differentiation uses location?
a. A restaurant promotes its make-your-own hamburgers.
b. In an ad, a restaurant says it is situated on a beautiful lake.
c. A bed-and-breakfast touts its four-star rating on its website.
d. The trailer for a movie presents several excellent reviews from critics.
b. In an ad, a restaurant says it is situated on a beautiful lake.
Economics
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Refer to Figure 5.1. All else equal, an increase in the number of workers will cause a
A) shift from PF1 to PF2. B) shift from PF2 to PF1. C) movement up and to the right along PF1. D) movement down and to the left along PF2.
Economics
If nominal gross domestic product is $3,600 billion and the money supply is $900 billion, the velocity of money is _____
a. 25 b. 13.5 c. 4 d. 0.33
Economics