Consumer Reports' reviews of products:
A. allow more transactions that are valuable to buyers and sellers to take place.
B. reduce an inefficiency in the market.
C. credibly provide more information to market participants.
D. All of these statements are true.
Answer: D
You might also like to view...
Describe the costs of water pollution
What will be an ideal response?
Money includes
A) currency. B) checking deposits held by households and firms. C) deposits in the foreign exchange markets. D) currency and checking deposits held by households and firms. E) futures and deposits in the foreign exchange market.
Which of the following is assumed to be the most important motivation for producers?
A. The desire to minimize external costs. B. The desire to minimize social costs above private costs. C. The desire to maximize social benefits and private revenues at the same time. D. The desire to maximize economic profits.
A competitive employer will hire inputs up to the point where the:
A. Marginal product of the input reaches a maximum B. Price of the input equals the price of the output C. Price of the input equals the marginal product of the input D. Price of the input equals the marginal revenue product of the input