The study conducted by Eric Bond of Vanderbilt University on the repair histories of a large sample of pickup trucks over three years old ascertained that:
a. the repair costs of trucks held by original users was similar to those held by second hand users.
b. the repair cost of trucks held by second hand users was higher compared to those held by original users.
c. the repair cost of trucks held by original users was higher compared to those held by second hand users.
d. the repair costs of trucks held by original users as well as those held by second hand users increased by the same magnitude every year.
A
You might also like to view...
What are the two basic types of economic systems?
What will be an ideal response?
Which of the following is not an example of a government purchase?
a. Salaries of teachers in public schools b. Chinese toys to be sold in stores c. Purchase of military aircrafts d. Construction of an interstate highway e. Building a public school
Which of the following is a component of aggregate demand?
A. Consumption B. Income C. Taxes D. Transfer payments
The aggregate production function shows
a. the total output the economy can produce with different quantities of labor and technology, holding land and capital constant b. the total output the economy can produce with different quantities of land and labor, holding capital and technology constant c. the total output the economy can produce with different quantities of labor, holding land, capital and technology constant d. the total output the economy can produce with different quantities of labor and capital, holding land and technology constant e. the total output the economy can produce with different quantities of technology, holding land, labor and capital constant