Which of the following is likely hardest to resell?
A) An Apple iPod
B) A discount airline ticket you bought with your frequent flyer miles
C) A used car
D) The free spa treatment you won at a raffle
B
Economics
You might also like to view...
When measuring GDP by the income approach, wage income includes i. health-care insurance paid for by the firm for its employees. ii. Social Security contributions made by the firm. iii. wages paid during a worker's vacation time
A) i, ii and iii B) i and ii only C) i only D) ii only E) ii and iii only
Economics
If good salespeople are extremely risk averse, then a choice between a fixed-fee contract and a contingent contract
A) avoids a moral hazard. B) will result in all job candidates choosing the contingent contract. C) will result in an efficient contract. D) may not be a good screening device.
Economics