A Good That Has Qualities That Are Easy for a Consumer

question 21

Multiple Choice

A good that has qualities that are easy for a consumer to assess in advance of a purchase is called

• A) a credence good.
• B) a search good.
• C) an experience good.
• D) a persuasive good.

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Definitions:

Kinesthesia

The sense that detects body position and movement, helping to coordinate movements.

Position Sense

The sensory ability to perceive body parts' location and movements without using vision.

Fine Touch

Refers to the ability to discern fine details through the sense of touch, often involving the perception of texture, size, and shape.

Acute Alcohol Intoxication

A condition resulting from the consumption of a large volume of alcohol in a short period, impacting mental and physical functions.