Which of the Following Is the BEST Example of the Micro-Macro

question 322

Multiple Choice

Which of the following is the BEST example of the micro-macro dilemma?

• A)Many consumers buy imported cars,even though they say they like American cars better.
• B)High performance cars are fun to drive but may be dangerous to others.
• C)Imported cars may cost buyers more to buy now but may have better resale value later.
• D)A fuel-efficient car may cost more to buy but less to operate.
• E)The economy may be growing,but many people still are not able to buy a new car.

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Definitions:

Merchantability

A warranty that goods sold will meet a minimum level of quality and will be fit for the purpose for which they are sold.

Implied Warranty

A legal assurance that goods or services meet a minimum level of quality, irrespective of whether it has been explicitly stated.

Merchantability

A warranty implied by law that goods sold by a merchant are fit for the general purpose for which they are sold.

Remedy Limitation

Restrictions or caps placed on the type or amount of compensation that can be received in a legal claim or lawsuit.