Author Question: Advertising A) makes the market more efficient. B) maximizes consumer well-being (thanks to ... (Read 66 times)

torybrooks · **on:** Jul 20, 2018

Advertising

A) makes the market more efficient.

B) maximizes consumer well-being (thanks to the invisible hand).

C) can't be restricted without violating the moral rights of advertisers.

D) subsidizes the media.

Question 2

According to Galbraith's dependence effect,

A) production depends upon wants.

B) advertising depends on the wants of the consumer.

C) consumer demand tends to be shaped by the production process.

D) advertising depends on consumerism.