Because warranties are potentially ________, low-quality goods are ________ to have warranties
A) very expensive; less likely
B) inexpensive; less likely
C) very expensive; more likely
D) inexpensive; more likely
A
You might also like to view...
In the economic way of thinking, traffic congestion is a sign of
A) a surplus of people. B) a surplus of automobiles. C) a shortage of buses. D) a negative externality.
Graphically, the market supply curve is obtained by
A) changing the ceteris paribus conditions. B) a change in quantity supplied. C) horizontally summing quantity supplied at various prices for individual producers. D) vertically summing quantity supplied at various prices for individual producers.
Refer to the graph below. The long-run average change in real GDP is shown by
a. the Growth trend line.
b. the contraction.
c. the expansion.
d. the peak.
In 1990, the GDP of Canada was $680 billion as measured in Canadian dollars, and the exchange rate was that $1 Canadian was worth 85 U.S. cents. In 2000, the GDP of Canada was $1000 billion as measured in Canadian dollars, and the exchange rate was that $1 Canadian was worth 69 U.S. cents. By what percentage did the GDP of Canada increase from 1990 to 2000 in Canadian dollars?
a. 19.4% b. 47% c. 68% d. 147%