________ Attributes Relate to Whether or Not a Particular Product

question 69

Multiple Choice

________ attributes relate to whether or not a particular product or service performs as it is supposed to.

• A) Structural
• B) Sensory
• C) Performance
• D) Temporal
• E) Ethical

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Definitions:

Multiplier

In macroeconomics, a factor that quantifies the effect of an initial change in the economy (such as investment or spending) on the total level of economic activity.

Automatic Stabilizers

Economic policies and programs designed to offset fluctuations in a nation's economic activity without additional government action.

Transfer Payments

Payments made by the government to individuals or groups without receiving any goods or services in return, such as social security or welfare benefits.

Crowd-Out Effect

The phenomenon where increased government spending leads to a reduction in private sector spending and investment, often due to higher interest rates.