Scott's Painting Company paints houses. Since Scott's business does not have the name recognition of some of the bigger painting companies, Scott advertises a "Five-Year Money Back Guarantee" to indicate to buyers that his service is of high quality. This guarantee is an example of

a. screening.
b. signaling.
c. the seller's curse.
d. the principal-agent problem.

b

Economics

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Which of the following people came close to abolishing scarcity in their regions some years ago?

A) Major Kwame Kilpatrick in Detroit B) President Bill Clinton in the U.S C) Governor Sarah Palin in Alaska D) All of the above. E) None of the above.

Economics

The first piece of antitrust legislation in the United States to deal with price discrimination was the:

a. Clayton Act. b. FTC Act. c. Celler-Kefauver Act. d. Robinson-Patman Act. e. Sherman Antitrust Act.

Economics