Why would a firm rather a company like J.D. Power (which provides product satisfaction reviews) review its product than doing it within the firm?
A) J.D. Power provides less credibility.
B) J.D. Power provides greater credibility.
C) J.D. Power is more honest than the average firm.
D) J.D. Power has a government monopoly in providing product satisfaction reviews.
B
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The U.S. economy is unique for both its size and prosperity.
Answer the following statement true (T) or false (F)
When the government deliberately alters its level of spending? and/or taxes in order to achieve specific national economic? goals, it is exercising
A) a laissez-faire policy.
B) discretionary fiscal policy.
C) monetary policy.
D) a Ricardian policy.
When referring to "marginal" changes, the economic focus is on
A) changes which affect only a few people or products. B) large changes on the low end. C) small or incremental changes. D) graduated changes on the high end.
When the demand for a product is less elastic than the supply, consumers pay the majority of the tax on the product
Indicate whether the statement is true or false