A good that people must actually consume before they can determine qualities is called
A) a credence good.
B) a search good.
C) an experience good.
D) a persuasive good.
C
Economics
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When the level of unplanned inventory investment is equal to zero, the economy is
A) in disequilibrium. B) in a recession. C) in equilibrium. D) overheating
Economics
When a nation totally bans trade with another country, it is imposing a(n):
a. tariff. b. embargo. c. quota. d. none of these.
Economics