Final answer:
Consumer satisfaction with product value is influenced by increased productivity, availability of information, and personal beliefs about the satisfaction a product will provide, which varies widely.
Step-by-step explanation:
Whether consumers are generally happy with the value of products they receive is not a straightforward 'true' or 'false' question. Consumers benefit from the increased productivity, which often leads to a larger variety of goods available at lower prices. However, whether they are happy with their purchases is based on their beliefs about the satisfaction that the good or service will provide, which in turn depends on the quality and clarity of the information available to them. For many products, the information may be imperfect or unclear, potentially leading to buyer's remorse or hesitation in future purchases. Consequently, the gains in terms of better or less expensive products, increased business profits, and higher employee income may on balance outweigh the losses to a nation, although individual satisfaction can vary widely.