Which of the Following Statements Is True of Nonmarket Activities

question 26

Multiple Choice

Which of the following statements is true of nonmarket activities of businesses from the perspective of the public?

• A) Businesses misrepresent information that play on ignorance and biases.
• B) Businesses do not have too much power to make a change in the society.
• C) Businesses do not exploit institutional features.
• D) Business goals are always congruent with public interests.

Analyze the factors that may cause GDP to overstate or understate economic well-being.

Differentiate between final goods and intermediate goods and their roles in GDP calculation.

Understand the concept of national income and its components.

Grasp the importance of adjusting GDP to obtain a more accurate indicator of economic well-being.

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