How can a warranty at the seller's expense signal that a product is of high quality?
What will be an ideal response?
If the product is of low quality, the warranty would be very costly to the seller since a low-quality product would need more repairs than a high-quality product.
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Which of the following statements best describes antebellum immigration to the U.S.?
a. Immigration peaked in the 1820s and slowly decreased through the Civil War. b. Immigration in the late 1840s and 1850s were primarily "pulled" to the US by the attractive opportunities available here. c. Immigration from England was relatively constant over time compared to the immigration rate from other nations. d. Large scale German immigration occurred primarily in the early part of this period.
The firm's long-run average total cost curve
a. intersects each short-run average total cost curve at its minimum point b. lies below its short-run average total cost curves at every output level c. lies above its short-run average total cost curves at every output level d. coincides with a small segment of its short-run average total cost e. touches each of the firm's short-run average total cost curves at the lowest points
In 2011, the current account deficit was how much?
a. $273.5 billion b. $473.4 billion c. $675.3 billion d. $773 . 7 billion
Which of the following led a strong attack against mainstream macroeconomists during the 1970s?
A) Friedman and Phelps B) Hicks and Hansen C) Modigliani and Friedman D) Lucas, Barro, and Sargent