If a Product Is Expensive or Complex and Hard to Understand,the

question 47

Multiple Choice

If a product is expensive or complex and hard to understand,the consumer may experience .

• A)reference groups
• B)heuristics
• C)lifestyle choice
• D)perceived risk
• E)social class awareness

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Definitions:

Federal Government

The national government of the United States, composed of three branches (executive, legislative, and judicial) with powers and responsibilities defined by the Constitution.

Medicaid Coverage

A health care program in the United States that provides medical benefits to low-income individuals and families.

Affordable Care Act

A comprehensive health care reform law enacted in 2010 to improve access to health insurance, expand Medicaid, and support medical care delivery methods.

American Federalism

The division of power between the national government and the individual states in the United States.