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

Question

Quizplus · Accepted Answer

Households are the primary consumers of products, so they would have the most complete information about the products they purchase frequently. While households may have some information about wage rates available on other jobs, this information may not be as complete as that available to employers or industry experts. Similarly, while households may have some information about occasional purchases like automobiles, they may not have access to the same level of detailed information as industry experts or dealerships.

We Would Expect Households to Have the Most Complete Information