Which of the following is most likely to be the subject of informational advertising?
A. a search good
B. an experience good
C. an inexperience good
D. a credible good
Answer: A
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Which of the following is part of a firm's opportunity costs? I. wages II. utility costs III. interest on a bank loan IV. interest forgone on funds used to buy capital equipment
A) I and II B) III and IV C) I, II and III D) I, II, III and IV
A typical consumer of health care in the United States
A) does not pay the full price of his or her health care. B) does not pay any of the price of his or her health care. C) pays more than the full price of his or her health care. D) pays the full price of his or her health care.
Interest is paid to
A) all holders of stock. B) individuals who own gold. C) owners of capital. D) borrowers of funds.
________ wages are wages paid by employers to increase worker motivation and productivity
A) Real B) Nominal C) Minimum D) Efficiency