Some Sales Managers Are Talking Shop

question 117

Multiple Choice

Some sales managers are talking shop.Which one of the following quotations does not refer to a rightward shift of the demand curve?

• A)"Since our competitors raised their prices,our sales have doubled."
• B)"It has been an unusually harsh winter;our sales of wool scarves are up from last year."
• C)"We decided to cut our prices,and the increase in our sales has been remarkable."
• D)"The Green movement has sparked an increase in our sales of biodegradable products."
• E)"People are expecting a harsh winter next year,so the sales of our winter coats have increased."

Identify and mitigate threats to internal and external validity in experiments.

Recognize various experimental designs and their applications.

Comprehend the crucial role of random assignment in experimental sophistication.

Understand the concepts of ecological validity and how experimental conditions reflect real-life scenarios.

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Definitions:

Congressional Budget Office

A federal agency within the legislative branch of the United States government that provides budget and economic information to Congress.

Agricultural Subsidies

are governmental financial support paid to farmers and agribusinesses to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of such commodities.

Fiscal Policy

Government policies concerning taxation and spending to influence the economy.

Federal Budget Deficit

The financial shortfall when a government's expenditures exceed its revenues within a fiscal year.