An item purchased often by the same buyer is known as a
a. frequent transaction good.
b. repeat-purchase item.
c. free rider good.
d. public good.
B
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Is the number of sellers in the market the only thing that is different in each of the four market types economists study?
What will be an ideal response?
Someone saying that he wants to lose weight, but ordering dessert is an example of:
A. rational decision making. B. rational behavior. C. irrational behavior. D. utility-maximizing behavior.
Voting rights in a corporation are held by the:
A. common stockholders. B. board of directors. C. preferred stockholders. D. corporate bondholders.
The Obama Administration's proposed environmental policy of "Cap and Trade" would have
A. limited the total amount of pollution allowed, while prohibiting exchange of rights to pollute. B. freely issued unlimited rights to pollute, while taxing polluters for every ton of emissions. C. taxed polluters for every ton of emissions to subsidize their adoption of "green" technologies. D. limited the total amount of pollution allowed, while permitting exchange of rights to pollute.