How Could Nestlé Have Better Anticipated Its Mistake with Social

question 9

Multiple Choice

How could Nestlé have better anticipated its mistake with social media in triggering a more widespread boycott?

• A) By not responding to boycott proponents on Facebook and the like.
• B) By better training its Facebook monitor.
• C) Users of social media tend to be opinionated and so a proper response can be anticipated.
• D) By censoring its social media presence.
• E) all of the above

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Definitions:

Equilibrium GDP

is the level of Gross Domestic Product where aggregate supply equals aggregate demand in an economy.

Aggregate Supply Curve

The relationship between the total quantity of goods and services that firms are willing to produce and sell at different price levels in an economy.

Laissez-Faire Capitalism

An economic system where private parties are free to engage in economic activities with minimal government intervention.

Classical System

The classical system in economics refers to a school of thought that emphasizes free markets, competition, and the self-regulating nature of economies.