1. What does Galbraith mean by 'Wants are increasingly created by the process by which they are satisfied" mean? In other words, what is the Dependence Effect? It is very important that you put this answer in your own words. If you are mainly repeating words from the reading, it will not be clear that you understand what you are saying. Describe Galbraith's main point using a modern example, such as a $600 smart phone. According to section II of the reading (pages 120-121), where does an individual's desire for goods come from? What is a \"contrived" want, and how does advertising create contrived wants? According to Galbraith, would it make sense to measure the well-being of people in an economy by looking at the economy's total amount of production? Explain. According to standard economist, what is the importance, if any, of why consumers want certain goods? Does Galbraith agree with this assessment