If Someone Views an Advertisement for a Product Endorsed by a Celebrity

question 1

Multiple Choice

If someone views an advertisement for a product endorsed by a celebrity he/she does not like, after viewing it many more times, he/she will

• A) like the product more.
• B) like the product less.
• C) like the product the same.
• D) like the product more up to a certain point, then begin to like it less

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Definitions:

Positive Economics

An area of economics that focuses on factual and cause-and-effect relationships, avoiding any value judgments.

Labor Economics

A branch of economics that studies the dynamics of the markets for wage labor, including demand and supply, wage determination, and labor productivity.

Normative Economics

A branch of economics that focuses on what the economy should be like or what particular policy actions should be recommended to achieve a desirable goal.

Formal Statement

A formal statement typically refers to an official, explicitly articulated declaration of facts, intentions, or principles.