For Some Products,quality Is Virtually Impossible to Determine Prior to Purchase.If

question 19

Multiple Choice

For some products,quality is virtually impossible to determine prior to purchase.If sellers of such commodities are rational,they will cheat or engage in unethical behavior only when:

• A)laws allow unethical behavior.
• B)the expected gains are greater than the expected costs.
• C)production exhibits positive externalities.
• D)the expected gains are equal to the expected costs.

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Definitions:

Roth Retirement Plan

A type of retirement plan where contributions are made with after-tax dollars, and qualified withdrawals in retirement are tax-free.

Tax Deductible

Refers to certain expenses that can be subtracted from gross income to reduce taxable income.

Roth IRA

An individual retirement account allowing investors to pay taxes on money going into the account and then make tax-free withdrawals in retirement.

Traditional IRA

A type of retirement account that allows individuals to make pre-tax contributions, with the investments growing tax-deferred until withdrawals begin.