​The Engine in Marcel's Lawn Mower Recently Stopped Working

question 113

Multiple Choice

​The engine in Marcel's lawn mower recently stopped working.Marcel has decided that it's a better financial decision to purchase a new lawn mower rather than to replace the engine.He has decided to purchase either a Craftsman or a John Deere model.Marcel feels that the Craftsman is a high-quality lawn mower.On the other hand,his father has used a John Deere mower for years and has recommended it to him.Marcel decides to purchase the Craftsman lawn mower. ​
__________ is the process that Marcel is undergoing in deciding which lawn mower to purchase,and his purchase is being affected by ___________.

• A)​consumer behavior; personal factors
• B)​consumer behavior; interpersonal influences
• C)​personal factors; consumer behavior
• D)​interpersonal influences; consumer behavior
• E)​personal factors; interpersonal influences

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Definitions:

Net Exports

The value of a country's total exports minus the value of its total imports, representing the trade balance.

Legal Reserve Requirement

A regulation set by central banks determining the minimum amount of reserves that must be held by a financial institution, usually a percentage of deposits.

Federal Funds Rate

The interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight.

Required Reserves

The minimum amount of funds that a bank must hold in reserve against deposit account liabilities, as mandated by the central bank, to ensure bank liquidity.