According to Your Text, Critics of Advertising

question 52

Multiple Choice

According to your text, critics of advertising

• A) argue that it lowers consumer prices-and thus results in "less than satisfactory" profits for firms.
• B) often overrate the positive effect that monopolistic competition can have on the economy.
• C) who think that a lot of advertising is annoying simply don't know what they're talking about.
• D) claim that firms use clever ads to persuade consumers to buy whatever the firms want to sell.
• E) base their evaluation on fears that advertising increases economies of scale.

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Definitions:

Treasury Bonds

Long-term, fixed-interest securities issued by the U.S. government as a way of borrowing money to fund its operations and projects.

Issue Price

The price at which new shares or bonds are offered to the public by a company or government for the first time.

Yield Per Annum

The annual return on an investment, expressed as a percentage of the total investment.

Retirement Income

Income that an individual receives after retiring from active employment, which can come from pensions, savings, investments, and government benefits.