Searching the Internet for Information to Help Select a Product

question 66

Multiple Choice

Searching the Internet for information to help select a product that is more reliable is most likely to be done by a

• A) risk-averse person.
• B) risk-neutral person.
• C) risk-preferring person.
• D) This cannot be determined with the information provided.

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Definitions:

Capital Goods

Physical assets used by a company to produce goods and services that are used to produce consumer goods or services.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.

Study of Economics

The academic discipline that examines how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their wants and needs.

Basic Truth

A fundamental, unquestionable fact or principle that serves as the foundation for a concept or belief system.