Percentage markups are characteristically lower in supermarkets than in convenience stores because
A) convenience stores must charge high markups to compensate for low volume.
B) marginal revenue is greater in supermarkets than in convenience stores.
C) supermarkets are able to operate with a lower percentage return on investment.
D) supermarkets can take advantage of quantity discounts.
E) the demand curves of customers patronizing supermarkets tend to be more elastic.
E
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A disadvantage of using public works to reduce unemployment is that
a. it is very difficult to end a government spending program once it develops a political constituency. b. large public works may require years to plan and get underway. c. increased government spending may not be appropriate by the time the public works project beings. d. All of these.
Because the U.S. traditionally gives more foreign aid than it receives, the U.S. traditionally has a negative value for
A) the capital account balance. B) the trade balance. C) investment income. D) net transfers received. E) all of the above
Refer to Exhibit 2-8. For Maria, the opportunity cost of producing one unit of good X is ___________ unit(s) of good Y.
 ANSWER 9.png)
How does the production of a U.S. firm located in France affect U.S. GDP? How does the production of a French firm located in Ohio affect U.S. GDP?
What will be an ideal response?