Many people tend to buy multiple cars from the same manufacturer because
A) doing so reduces the asymmetric information problem; consumers have better knowledge of quality.
B) doing so reduces the asymmetric information problem; consumers have better knowledge of prices.
C) doing so doesn't change the asymmetric information problem but consumers have more information.
D) doing so increases the consumers brand loyalty.
A
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Which of the following statements is true regarding the differences between economic and accounting costs?
A) Accounting costs include all implicit and explicit costs. B) Economic costs include implied costs only. C) Accountants consider only implicit costs when calculating costs. D) Accounting costs include only explicit costs.
Which of the following is not a component of the aggregate demand curve?
a. Government spending (G). b. Investment (I). c. Consumption (C). d. Net exports (X-M). e. Saving.