False advertising is least likely to be successful with ________ goods.
A) experience
B) credence
C) greenwashed
D) inspection
D) inspection
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If demand is inelastic
A) then a 1% increase in price leads to a fall in quantity of greater than 1%. B) then a 1% increase in price leads to a fall in quantity of less than 1%. C) then a 1% increase in price leads to a fall in quantity of 1%. D) then a 1% increase in price leads to a rise in quantity of less than 1%.
One of the effects of a change in disposable income could not be a(n)
a. movement up along the consumption function. b. movement down along the consumption function. c. change in the amount of consumption expenditures. d. upward shift of the consumption function.
A judge requires Harry to make a payment to Sally. The judge says that Harry can pay her either $10,000 today or $11,000 two years from today. Of the following interest rates, which is the lowest one at which Harry would be better off paying $11,000 two years from today?
a. 2 percent b. 3 percent c. 4 percent d. 5 percent
If a country has an undervaluation problem, the best solution is to
A. sell more of its currency in the foreign exchange market. B. buy less of its currency in the foreign exchange market. C. increase the money supply. D. lower the official rate.