In the United States, Potential Output in the Long Run

question 18

Multiple Choice

In the United States, potential output in the long run tends to:

• A)remain constant.
• B)rise at a trend rate of 2.25 to 3.5 percent per year.
• C)fluctuate between 4.5 and 5.5 percent per year.
• D)decline at a trend rate of 7.5 to 8.5 per year.

Recognize the purpose behind offering different types of discounts, such as cash discounts, trade discounts, and seasonal discounts.

Distinguish between different incentives such as promotional allowances and cash discounts.

Define and differentiate between FOB origin pricing and other geographic pricing strategies.

Comprehend the implications and motivations behind promotional allowances.

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Definitions:

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