The Primary Benefit of Branding for Consumers Is Branding Makes

question 48

Multiple Choice

The primary benefit of branding for consumers is branding makes:

• A)products higher in quality.
• B)consumers more efficient shoppers.
• C)products higher in value.
• D)products lower in price.

---

Definitions:

Autarky

An economic system of self-sufficiency where a country or region attempts to produce everything it needs without engaging in international trade.

Total Surplus

The sum of consumer surplus and producer surplus, representing the total net benefit to society from the production and consumption of a good.

International Trade

The exchange of goods, services, and capital between countries and territories.

Autarky

Autarky is an economic policy or situation in which a nation is self-sufficient and does not engage in international trade or relies minimally on external resources.