Economists Argue Advertising Can Have a Negative Effect on Consumer

question 58

Multiple Choice

Economists argue advertising can have a negative effect on consumer choice by:

• A)using market aggregation
• B)reducing the opportunities for new products to be introduced
• C)enabling companies to differentiate their products and services,charge higher prices,and achieve a dominant market position
• D)creating brand monopolies
• E)doing all of the above

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Definitions:

1787

The year notable for the drafting of the United States Constitution at the Philadelphia Convention.

Ordinance of 1784

A law drafted by Thomas Jefferson that regulated land ownership and defined the terms by which western land would be marketed and settled; it established stages of self-government for the West. First Congress would govern a territory; then the territory would be admitted to the Union as a full state.

Slavery

A system where individuals are owned by others, deprived of personal freedom and compelled to work without wages.

Urban

Pertaining to cities or towns; characterized by higher population density and vast human features in contrast to rural areas.