Use the Following to Answer Questions

question 11

Multiple Choice

Use the following to answer questions :
Figure: Guns and Butter
-(Figure: Guns and Butter) Look at the figure Guns and Butter. Suppose the economy produced 8 guns and 12 pounds of butter per period.

• A)This is a possible choice but is inefficient.
• B)This combination invalidates the notion of increasing opportunity cost.
• C)The economy is still efficient but does not buy as much as it could.
• D)Something must be done to reduce the amount of employment.

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Definitions:

Global Brand

A brand that is recognized and has a consistent image and product availability across the world markets.

International Brand

A brand that is marketed and recognized across several countries, often requiring adaptability to different cultures and markets.

Exported Brand

A brand that is marketed and sold outside of the country where it is produced.

Brand Conscious

A consumer behavior characterized by a preference for, and awareness of, branded products over generic or unbranded alternatives.