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The Abundance Principle States That in an Economy That Produces

Question 37

Multiple Choice

The abundance principle states that in an economy that produces more goods and services than can be consumed,advertising


A) maintains high prices across the board.
B) informs consumers of their alternatives.
C) contributes to the global waste disposal problem.
D) prevents firms from successfully competing for consumer dollars.
E) acts as a stabilizing factor during a long-term business cycle downturn.

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