Because Americans Are Working Longer Hours Without Increases in Real,disposable

question 91

Multiple Choice

Because Americans are working longer hours without increases in real,disposable income,and are utilizing an army of communication devices to keep up with the demands in their personal and work lives,retailers are

• A) increasing their budgets for traditional advertising outlets like television and radio.
• B) making their products available whenever and wherever consumers want them.
• C) outsourcing marketing communications to global production facilities.
• D) focusing only on those demographic cohorts that have time to relax.
• E) de-emphasizing U.S.sales and expanding globally.

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Definitions:

Full Employment

Refers to the condition in the labor market where virtually all who are willing and able to work at prevailing wage rates are employed.

Capital Goods

Goods that are used in producing other goods and services, rather than being bought by consumers. This includes machinery, buildings, and equipment.

Consumer Goods

Items produced for personal use by households.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.