In Which of the Following Situations Are Marketers Most Likely

question 48

Multiple Choice

In which of the following situations are marketers most likely to recognize a practice as unethical?

• A)If the practice has very few benefits
• B)If the practice is widely used throughout an organization
• C)If the practice does not have any immediate consequences
• D)If the practice is very likely to result in a harmful outcome

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Definitions:

Short-Run Phillips Curve

Describes the inverse relationship between the rate of inflation and the unemployment rate over a short period.

Rational Expectations

The theory that people optimally use all the information they have, including information about government policies, when forecasting the future.

Sacrifice Ratio

A measure of the economic cost associated with reducing inflation, often calculated as the percentage loss in output per percentage point decrease in inflation.

Inflation Expectations

The anticipation by consumers and businesses of the rate at which prices will rise in the future.