Examlex
Identify two examples of unethical practices in advertising.
Input
Resources such as labor, materials, and capital used in the production of goods and services.
Backward-Bending
Refers to a labor supply curve that bends backwards at higher wage rates, indicating that higher wages can lead to less labor supplied due to increased leisure preference.
Substitution Effect
A change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another.
Income Effect
The alteration in a person's or an economy's earnings and its effect on the amount of a good or service they want to purchase.
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