Which of the Following Was the Top U

question 95

Multiple Choice

Which of the following was the top U.S. advertiser with respect to total ad expenditures in 2009?

• A)Monsanto
• B)Sara Lee
• C)Toyota
• D)General Electric
• E)Procter & Gamble

Understand the effects of externalities in economic transactions and the concept of social cost versus social benefit.

Grasp the notion of consumer, producer surplus, and efficiency loss and relate them to market dynamics.

Identify how private businesses can mitigate information problems in the marketplace.

Analyze the impact of government policies on market dynamics, focusing on insurance markets and information symmetry.

---

Definitions:

Marginal Product

The increase in output that results from employing one more unit of a particular factor of production, holding all else constant.

Radios

Electronic devices designed to receive and amplify audio broadcasts from radio stations, allowing for the wireless transmission of music, news, and other types of content.

Manufacture

The process of producing goods through the use of machinery, tools, and labor, often on a large scale.

Productivity Growth

An increase in the efficiency of production, often measured by the ratio of output to inputs over a specific period.