False advertising ________ likely to be successful with tickets on a new airline because the tickets are an ________ good.
A) is not; inspection
B) is; experience
C) is; inspection
D) is not; experience
B) is; experience
You might also like to view...
Graphically an increase in the short-run aggregate supply line represents a(n) ________, and a shift leftward of the long-run aggregate supply line represents a(n) ________.
A. adverse inflation shock; shock to potential output B. favorable inflation shock; shock to potential output C. shock to potential output; favorable inflation shock D. shock to potential output; adverse inflation shock
Which part of this definition for GDP is incorrect? GDP measures the
a. Market value of, b. All final and intermediate goods and services, c. Produced, d. By domestically owned or foreign-owned resources, e. Within nations' geographic borders.
As the interest rate increases, the opportunity cost of holding money __________ and individuals choose to hold __________ money
A) rises; more B) falls; less C) rises; less D) falls; more
Which of the following is NOT a condition for a firm to engage in price discrimination?
A. There is no resale market for the good. B. The consumers are sincere in revealing their true natures. C. The firm has a means of identifying consumer types. D. Consumers are partitioned into two or more types, with one type having a more elastic demand than the other.