Final answer:
The market revolution significantly changed American life, making the answer true. Sellers can reassure buyers with imperfect information through full disclosure, warranties, verified reviews, inspection opportunities, and transparent service policies.
Step-by-step explanation:
The statement that the market revolution brought many social and economic changes to the United States is true. This significant transformation during the 19th century led to numerous alterations in the fabric of American life. These changes included the increased use of market mechanisms, the expansion of industrialization, and dramatic shifts in the labor force and living patterns.
Ways to Reassure Buyers with Imperfect Information
- A seller of goods can reassure a possible buyer facing imperfect information by several means:
- Providing full disclosure of all known issues and material facts about the goods.
- Offering warranties or guarantees that protect the buyer post-purchase.
- Supplying verified reviews and testimonials from previous customers.
- Allowing the buyer to inspect the goods or request an independent inspection.
- Being transparent about the returns policy and service provisions.