Informational advertising is mostly used for
A. a persuasive good.
B. an experience good.
C. a search good.
D. an inexperience good.
Answer: C
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Suppose the government is considering whether to build a community health clinic. If the government wants to increase total economic surplus, then it should build the health clinic if the marginal benefit of the health clinic is:
A. greater than zero. B. decreasing. C. less than its marginal cost. D. greater than its marginal cost.
A player's strategy is a game plan when decisions are interdependent
a. True b. False
Suppose $1 Canadian is worth 13 Mexican pesos, then a bike that costs $2,000 Canadian should sell for 30,000 pesos in Mexico
a. True b. False Indicate whether the statement is true or false
A common criticism of welfare programs is that they
a. create self-reliant individuals. b. encourage strong family values. c. encourage illegitimate births. d. have increasing benefits over time, in real terms.