When you are faced with a lack of information concerning a purchase, you should:
A. consider the opportunity cost of gaining more information.
B. not make the purchase without complete information.
C. always seek out the most information you can before making a purchase.
D. None of these statements is true.
Answer: A
You might also like to view...
Between 1960 and 1980, the labor force participation rate of women ____. Between 1980 and 2011, the labor force participation rate of women ____
a. fell; fell b. rose; rose c. fell; rose d. rose; fell
The linear regression equation, Y = a + bX, was estimated. The following computer printout was obtained: 
Given the above information, the value of the R2 statistic indicates that
A. 30.66% of the total variation in X is explained by the regression equation. B. 30.66% of the total variation in Y is explained by the regression equation. C. 0.3066% of the total variation in X is explained by the regression equation. D. 0.3066% of the total variation in Y is explained by the regression equation.
If a state government reduces property taxes for residents at the same time that it increases the state income tax, what will happen to the expenditures schedule of the residents of this state?
A. It shifts upward. B. It shifts downward. C. It becomes less steep. D. It becomes steeper. E. It does not change.
The two largest sources of federal tax revenue are the _____ and the _____ tax.
Fill in the blank(s) with the appropriate word(s).