A tendency for a good to come into favor with consumers because other consumers have chosen to buy the item is
A. price-leadership.
B. a negative-sum game.
C. positive market feedback.
D. negative market feedback.
Answer: C
You might also like to view...
What is the least accurate description of movements in real wages between 1800-1860?
a. U.S. wages grew relative to those of England. b. The wages of females increased relative to those of males. c. The wages of skilled laborers increased faster than those of unskilled laborers. d. The U.S. became more unequal in terms of income.
First Safety, a commercial bank, has $6,000,000 of outstanding demand deposits and actual reserves of $1,700,000 . If the reserve ratio is 25 percent, what is the maximum amount of new loans the bank can extend?
a. $100,000 b. $425,000 c. $200,000 d. $1,500,000
Ramon buys a guitar string for his guitar, which he plays during his leisure time. This is an example of ______.
a. investment b. consumption c. depreciation d. inventory
Which of the following is NOT a condition that helps enforce a cartel agreement?
A) a small number of firms B) nearly homogeneous products C) easily observable prices D) large variation in input prices