Identify the One Statement That Does Not Demonstrate How Social

question 83

Multiple Choice

Identify the one statement that does not demonstrate how social effects influence consumer choice.

• A)Students in an Economics class are required to purchase a textbook assigned by the professor.
• B)There is utility gained from consuming goods or services that others are consuming.
• C)Some products that people consume are determined by the social popularity of the products.
• D)Companies such as Zappos.com and Netflix invite their consumers to write reviews about their experience with their products which are then posted on the Internet for others to see.

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Definitions:

Labor Force

The total number of people who are actively working or seeking work in the economy.

Illegal Immigration

The act of moving to a country in violation of its immigration laws.

Average Level

Typically refers to the common or midpoint value in a set of data, calculated by dividing the sum of all values by the number of values.

Legal Immigration

The process through which individuals relocate to another country in accordance with the host country's laws and regulations.