The case for advertising includes the fact that
A. it wastes society's scarce resources.
B. it creates wants that otherwise would not have existed.
C. it provides consumers with valuable information about product availability, quality, and price.
D. firms spend large sums of money to create meaningless differences among products.
Answer: C
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William was asked to contribute money for a retirement home. He agreed to contribute only if his name appeared on the list of donators in the newsletter published by the home every year. This is an example of ________
A) rationalism B) liberalism C) impure altruism D) pure altruism
The Lost Decade refers to the years between approximately
A) 1975 and 1985. B) 1980 and 1990. C) 1987 and 1997. D) 1972 and 1980. E) 1960 and 1970.
Which of the following is an open market purchase?
a. When private individuals sell government bonds b. When the Fed sells government bonds c. When private individuals purchase government bonds d. When bond dealers buy government bonds from the fed e. When the Fed buys government bonds
The process by which new product or production methods are introduced is called the Industrial Revolution
a. True b. False Indicate whether the statement is true or false