Assume the role of a defender of advertising. Describe the characteristics of advertising that enhance the effectiveness of markets and increase the social welfare of society
Advertising provides information to consumers and thus allows consumers to make more informed (and therefore better) choices. Advertising fosters competition by making consumers more aware of prices and product characteristics in a market.
Economics
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If a $10 increase in government expenditure produces a change of $17 in gross domestic product, the value of the government expenditure multiplier is ________
A) 27 B) 1.7 C) 7 D) 170
Economics
Between 1900 and 2007, the ratio of actual to natural real GDP hit its low point in
A) 1933. B) 1904. C) 1944. D) 1982.
Economics