Which of the Following Statements Is FALSE Regarding the Advertising

question 174

Multiple Choice

Which of the following statements is FALSE regarding the advertising by psychic advisors and stage mentalists?

• A) No one has passed the preliminary tests set up by James Randi's Million Dollar Challenge to demonstrate psychic abilities under controlled conditions.
• B) Usually psychic advisor ads are promoted with a few testimonials and many unsupported claims.
• C) Unlike psychic advisors, stage mentalists do not use deception with their audiences or in their advertising.
• D) Psychic advisers promoted in TV commercials rely on uncritical acceptance and the confirmation bias to create an illusion that they know private information about the people who call them.

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Definitions:

Utility Function

A mathematical representation that ranks an individual's preferences over a set of goods or services, showing their relative satisfactions or levels of utility.

Bliss Point

A term in psychology and economics indicating the optimal level of consumption where any further increase would lead to dissatisfaction.

Good Y

A symbolic representation often used in economics to denote a particular good or commodity in theoretical models and analyses.

Perfect Substitutes

Goods that can be used in place of each other with no loss of utility or preference by consumers.