The frequency of default on a home loan is ________ the frequency of default on a credit card
A) much lower than
B) much higher than
C) a bit lower than
D) a bit higher than
Answer: A
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Improvements in productivity may lead to decreasing comparative costs if
a. the assumption of fixed technologies under constant costs is relaxed. b. technologies available to each nation are maintained the same. c. resource endowments do not vary. d. comparative advantage does not change.
The ________ is used to determine merchantability of food products based on what the average buyer is supposed to find in particular food products
A) foreign substance food test B) contagion test C) contamination test D) consumer expectation test
Memos are ?exible and can be written to suit many different purposes
Indicate whether this statement is true or false.
Maslow's hierarchy of needs helps researchers
A. understand how culture influences consumer behavior. B. control the amount and type of feedback. C. learn how to control selective perception. D. create habit-breaking attitudes. E. better understand what motivates consumers.