Consumers often purchase products that, afterward, they regret purchasing. This can be explained by
A) consumers trying products to determine if their consumer surplus increases.
B) consumers trying products to determine if firm advertising is honest.
C) consumers trying to minimize expenditures.
D) consumers trying to maximize choice.
A
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What are three ways that lenders increase the rate of interest paid relative to what it appears to be?
What will be an ideal response?
Which actor in the simplified circular flow model is on the supply side of the factor market?
A. Households B. Government C. Market for goods and services D. Firms
Which of the following is NOT a reason for the increase in health care costs?
A) the aging of the population B) the implementation of new technologies C) the increase in third party payments D) the decrease in the fertility rate
Most of the public debt is owed to citizens and domestic institutions. This is one reason that the public debt:
A. has a procyclical economic effect on the economy. B. can result in the bankruptcy of the federal government. C. crowds out private investment. D. does not impose a burden on future generations.