Which of the Following Is Not a Way in Which

question 30

Multiple Choice

Which of the following is not a way in which consumers can benefit from report cards?

• A)Easy identification of high quality sellers
• B)Increases in demand elasticity incent sellers to improve quality
• C)Good report cards lead to more advertising
• D)Report cards improve sorting by consumers
• E)Consumers can more easily identify quality sellers

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Definitions:

Problems

Issues or obstacles that arise and need to be dealt with or overcome in various contexts, including economic, social, and personal.

Obama Administration

The executive branch of the U.S. government from 2009 to 2017, under the leadership of President Barack Obama.

Transfer Payments

Payments made by governments to individuals or other governments without receiving any goods or services in return, such as social security or grants.

Aggregate Demand

Aggregate demand represents the total demand for all goods and services within an economy at a given overall price level and in a given time period.