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Question: What function does advertising serve in countries where consumers have more income to spend after their physical needs are satisfied? It stimulates the sale of products with relatively inelastic demand. It helps achieve long-term acceptance for products that do not meet consumer approval. It discourages the entry and use of new products in the market. It stimulates innovation and new products. It discourages competition
A commercial bank has checkable-deposit liabilities of $75,000 and a reserve ratio of 15 percent. What is the amount of required reserves?
An economy is in long-run macroeconomic equilibrium with an unemployment rate of 5% when the government passes a law requiring the central bank to use monetary policy to lower the unemployment rate to 3% and keep it there. How could the central bank ..
What are the practical reasons why Filipinos turn to sachet economy?
Economists argue about the potential benefits and cost of diversification. For example while diversification can certainly help company to promote new products at the same time through the merger of two firms it can be more expansive to develop commu..
Provide 3 examples of how economic globalization is inescapable or certain in this information society.
You and other college students are deciding whether to major in music or engineering. You learn that there is a shortage of engineers making it easy for engineering graduates to find employment while there is a glut of musicians for whom finding a jo..
What is the pass through hypothesis? Should we expect full pass thorough when the demand is perfectly elastic or when the demand is perfectly inelastic?
The demand for salt is relatively price inelastic, while the demand for pretzels is relatively price elastic. How can you best explain why and elaborate your an
Assume that a police officer is conducting a valid stop and frisk for weapons. If evidence of drug possession inadvertently becomes known to the officer, probable cause for an arrest arises.
Discuss a time when you have had to deal with a sensitive and/or a negative message like working in retail. What would you do differently in light of the material covered in this module? If you would do nothing differently, describe how your handling..
If it permanently changes its leverage from no debt by taking on new debt in the amount of 13.4 % of its current market? value
How to use Solow growth model to explain the long run effect of raising the saving rate on capital per worker ad output per worker. Start with an initial steady state and show the new steady state on the graph. Label the graph properly.
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