When quality cannot be easily judged in advance, what provides consumers with information about the quality of a product?
a. a brand name
b. a tie-in
c. the quantity available for sale
d. the amount of deadweight loss
a
Economics
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Consumer confidence is measured by two indices: the Consumer Sentiment Index and the Consumer Confidence Index
Indicate whether the statement is true or false
Economics
Slump, downturn and contraction are all words for a(n)
A. expansion. B. hyperinflation. C. stagflation. D. recession.
Economics
Refer to the graph shown. In equilibrium, consumer surplus is equal to:
A. 1,400. B. 600. C. 1,200. D. 2,000.
Economics
The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.
Economics