A seller cannot mislead purchasers of a(n) ________ good more than ________.
A) experience; once
B) experience; twice
C) inspection; twice
D) inspection; once
A) experience; once
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The United States
A. has sometimes attained productive efficiency. B. usually attains productive efficiency. C. never attained productive efficiency.
When real GDP falls for two consecutive quarters the economy is in a
A) peak. B) trough. C) recession. D) depression.
The theory of portfolio choice suggests that the most important factor affecting the demand for domestic and foreign assets is the ________ on these assets relative to one another
A) interest rate B) risk C) expected return D) liquidity
Elvis values the first gravy sandwich at $5, the second at $4.50, the third at $4 . If he buys three for $4 each, his consumer surplus is
a. $5 b. $4 c. $1.50 d. $9.50 e. $12