Why would a firm rather a company like J.D. Power (which provides product satisfaction reviews) review its product than doing it within the firm?
A) J.D. Power provides less credibility.
B) J.D. Power provides greater credibility.
C) J.D. Power is more honest than the average firm.
D) J.D. Power has a government monopoly in providing product satisfaction reviews.
B
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When the government increases its borrowing in the loanable funds market, the likely result is ________ loanable funds traded at a ________ interest rate.
A. fewer; higher. B. more; higher. C. more; lower. D. fewer; lower.
Which of the following is an example of a negative externality (additional social cost)?
A. an increase in the value of land you own when a nearby development is completed B. the costs paid by a company to build an automated factory C. the higher price you pay when you buy a heavily advertised product D. falling property values in a neighborhood where a disreputable nightclub is operating
The indifference curve in the above figure
A) could illustrate a person's preferences for identical computer disks made by two different companies. B) could illustrate a person's preferences for right-handed and left-handed gloves. C) has a marginal rate of substitution that at first decreases and then increases. D) None of the above statements is correct.
What are the alternative measures of the price level and how do they address the problem of bias in the CPI?
What will be an ideal response?