MATCHING -Statement That Cannot Be Objectively Verified

question 36

Multiple Choice

MATCHING
-statement that cannot be objectively verified

• A)products liability
• B)negligence
• C)privity of contract
• D)MacPherson vs.Buick
• E)res ipsa loquitur
• F)comparative negligence
• G)chain of distribution
• H)strict liability
• I)express warranty
• J)opinion
• K)puffing
• L)reliance
• M)material
• N)merchant
• O)merchantable
• P)disclaimer
• Q)unconscionable

Understand how interest rates affect optimal R&D spending for firms.

Understand marginal utility and its application in consumer decision-making.

Recognize the role of R&D spending in generating technological advances.

Distinguish between different forms of technological advances (product innovation, process innovation) and their economic impacts.