Author Question: Brand name drugs are chemically identical to their generic counterparts. Yet, consumers often prefer ... (Read 29 times)

penza · **on:** Jun 29, 2018

Brand name drugs are chemically identical to their generic counterparts. Yet, consumers often prefer the brand name product to the generic product. Making consumers think that a brand name drug differs from its generic counterpart is an example of

A) product differentiation.
B) perfect competition.
C) oligopolistic behavior.
D) price taking behavior.

Question 2

A monetarist economist believes that

A) if the economy was left alone, it would rarely operate at full employment.
B) the economy is self-regulating and always at full employment.
C) the economy is self-regulating and will normally, though not always, operate at full employment if monetary policy is not erratic.
D) the economy is self-regulating and will normally, though not always, operate at full employment if fiscal policy is not erratic.