According to the search model, the marginal benefit of acquiring information about a product
a. is greater for a doctor than a nurse's aide
b. is the same for high-income consumers as for low-income consumers
c. is greater for expensive items than for cheap items
d. is greater for cheap items than for expensive items
e. increases as more information is acquired
Question 2
Today's exchange rate system can be described as
a. a fixed exchange rate system
b. a freely floating exchange rate system
c. a pegged exchange rate system
d. a flexible exchange rate system
e. a managed float
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