Sellers of high-quality used goods are ________ likely to offer money-back guarantees because ________.
A. more; buyers will not ask for their money back
B. less; buyers will be willing to purchase high-quality goods even without a guarantee
C. more; they are wealthier and so can afford to give money back
D. less; buyers consider guarantees to be a sign of an inferior good
Answer: A
You might also like to view...
In June 2009 the Bureau of Labor Statistics reported an adult population of 234.9 million, unemployment of 12.4 million, and employment of 141.6 million. Based on these numbers the labor-force participation rate was
a. 154/234.9. b. 141.6/234.9. c. 141.6/154. d. None of the above is correct.
When actual output is less than potential output there is a(n):
A. budget surplus. B. recessionary gap. C. trade deficit. D. budget deficit.
The price of a tablet increased from $250 to $400 while the price of a tablet app increased from $1 to $2. The relative price of tablets in terms of tablet apps
A. increased from 175 to 350. B. increased from 0.003 to 0.05. C. decreased from 250 to 200. D. decreased from 0.35 to 0.2.
According to the text, which of the following is true?
A. The United States imports baseballs and exports corn. B. The United States imports wheat, but not auto parts since it exports auto parts. C. The United States imports paper, but not computers since it exports computers. D. The United States imports auto parts and cars, but it doesn't export cars.