Which of the following is a micro variable used for market segmentation?

A) purchasing approaches
B) personal characteristics
C) operating variables
D) demographics

Total surplus is:

A) the difference between price and the cost to the seller.
B) the sum of consumer and producer surplus.
C) equal to the area below the demand curve.
D) always more for consumers than producers.

Define "interpersonal trust."

In technical terms, to extinguish some behaviour, just stop reinforcement.

Buyers and sellers do not have to deal face-to-face with one another in markets.

Which of the following is true of the credit default swaps (CDSs) ?

A) The CDS buyer has to own the debt security.
B) The CDS seller is not government regulated.
C) The CDS seller is required to carry cash reserves to cover losses.
D) The CDS contracts are not traded in secondary market.