JCPenney ran a newspaper ad stating, "We are the friendliest store in town." this is an example of institutional advertising.
<u>Explanation:
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When an advertisement speaks only about the institution that is carrying out the business and not about the products that the institution is trading in, the advertisement is considered as an institutional advertisement.
Through this type of advertisement, the purpose is to inform the audience about how would the institute carrying out a specific business prove beneficial to them.
Job losses and the rise in unemployment have put severe strains on the livelihoods of many Europeans. The forecast projects the unemployment rate in the euro area to rise from 7.5% in 2019 to 8.3% in 2020 and 9.4% in 2021, before declining to 8.9% in 2022.
A significant increase in consumption and economic activity among a nation's consumers would decrease income inequality.
Option: A
Explanation:
A country's economy highly depends on consumer's behavior. If for certain reason the consumption and economic activity raises it will decrease the variation in income level. Strong economy promotes high purchasing capacity.
If the consumption level gets high more workers would be involved in economic activity which will strengthen nation's economy and Gross Domestic Production. On the other hand the unemployment will go down. Disparity in income level will also decreases due to high consumption rate and growth of economic activity.
