One possible reason for Wal-Mart's success is that centralized-decision making provides economies of scale that allow it to aggressively bargain down wholesale prices of standard consumer goods
Indicate whether the statement is true or false
T
You might also like to view...
What are three causes of supply-side inflation?
What will be an ideal response?
The government in Dirk’s country make sure its citizens get a good basic education, but it is still much poorer than its neighbors. What step might Dirk’s government take to further improve its human capital and thus increase its economic growth rate?
a. It could strive to improve health conditions. b. It could use irrigation to increase farmland. c. It could invite foreign companies to build advanced factories there. d. It could offer grants for research.
What is human capital?
A) a slang term for the underground labor market B) manufactured goods that are used to produce other goods C) accumulated knowledge and skills acquired by a worker D) the manager or owner of a business
When the price of a good increases, the budget constraint shifts in parallel to the original budget constraint.
Answer the following statement true (T) or false (F)