One of the only purchases a business can make that counts directly in the GDP is

A tariff on a product

a. enhances the economic well-being of the domestic economy. b. increases the domestic quantity supplied. c. increases the domestic quantity demanded. d. results in an increase in producer surplus that is greater than the resulting decrease in consumer surplus.

Firms that spend a large amount of money on advertising a particular product are likely to be providing consumers with

a. information about the availability of the product. b. information about product price. c. a signal of product quality. d. a good example of wasted resources.