What Is the Strongest Argument for Why We Need More

question 16

Multiple Choice

What is the strongest argument for why we need more economists today than ever before?

• A) We have a need for more wealth given the higher standard of living that individuals demand.
• B) Economists are needed to address the allocation of scarce resources as a result of the world's growing population.
• C) Economists are needed to make sure that firms continue to make profits.
• D) Economists are needed to make sure that consumers are well informed about their possible purchase options and that they budget their finances appropriately.
• E) Economists are needed to make sure that the government doesn't involve itself too much in the economy.

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Definitions:

Brand Equity

The value and strength of a brand that determines its worth, based on consumer attitudes, recognition, and loyalty.

Differentiation

The strategy of distinguishing a product or brand from competitors to make it more attractive to a particular target market.

Brand Recognition Strategy

Tactics employed by businesses to make their brand easily identifiable and memorable to consumers.

Marketers

Individuals or teams specializing in creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.