Many people tend to buy multiple cars from the same manufacturer because
A) doing so reduces the asymmetric information problem; consumers have better knowledge of quality.
B) doing so reduces the asymmetric information problem; consumers have better knowledge of prices.
C) doing so doesn't change the asymmetric information problem but consumers have more information.
D) doing so increases the consumers brand loyalty.
A
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According to the Keynesian view, the rapid increase in government spending and large budget deficits in response to the recession of 2008-2009 would
a. slow the recovery process and result in weak long-term growth of real GDP. b. speed the recovery process and provide the foundation for strong long-term growth of real GDP. c. stimulate a more rapid recovery, but cause the economy to fall back into a recession in the near future. d. slow the recovery process, but provide the foundation for rapid long-term growth of real GDP.
Prisoners in World War II POW camps traded products for other products, a process referred to as:
A. barter. B. rationing. C. central planning. D. advantage exchange.
Infrastructure is capital provided by the private sector. True or False
Suppose the equilibrium quantity of labor hired decreases and the equilibrium real wage rate increases. All else constant, this situation will also result in
A) more government outlay for the unemployed. B) higher output prices. C) lower output prices. D) fewer benefits for those still unemployed.