We would expect households to have the most complete information about:
A)their own wage rate.
B)the wage rate available on other jobs.
C)products purchased occasionally like an automobile.
D)all of the above.

Question

Quizplus · Accepted Answer

Households have direct knowledge of their own wage rate as they receive their paycheck or are aware of their negotiated salary. On the other hand, they may not have complete information about the wage rates available on other jobs, and their knowledge regarding products purchased occasionally like an automobile may be limited based on their personal experiences and research.

We Would Expect Households to Have the Most Complete Information