The Use of "Special Fees" and "Surcharges" Is Driven by Consumers

question 369

Multiple Choice

The use of "special fees" and "surcharges" is driven by consumers' zeal for __________ and the ease of making price comparisons on the Internet.

• A)high prices
• B)low prices
• C)quality
• D)value
• E)warranties

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Definitions:

Absolute PPP

Absolute Purchasing Power Parity, an economic theory suggesting that goods in different countries should have the same price when expressed in a common currency.

Trade Barriers

Measures that governments or public authorities introduce to make imported goods or services less competitive than locally produced goods and services.

Exchange Rate

The price at which one currency can be exchanged for another.

Transaction Costs

Transaction costs are expenses incurred when buying or selling a good or service, which include fees, taxes, and other charges associated with the transaction.