Which of the following is not a reason why growth in the supermarket sector has been consistently declining over the last decade?
A. the increase in competition from warehouse clubs
B. the increase in competition from online retailers.
C. the decrease in population
D. the increase in out-of-home eating
E. the general rise in food costs
Answer: E
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Which of the following is likely to lead to a recession according to Keynesian economists?
A. An decrease in money supply B. An increase in the price of oil C. A decrease in the rate of inflation D. A fall in spending by consumers
According to the text, noncomparative scales are broadly classified as either continuous or itemized
Indicate whether the statement is true or false
Which of the following supply-side theories is based on the premise that higher earnings flow to those who improve their potential productivity by investing in themselves?
A. signalling theory B. human capital theory C. efficiency wage theory D. reservation wage theory E. compensating differentials theory
The main difference between the cost of goods sold of a manufacturer and a merchandiser is that the manufacturer includes cost of goods manufactured rather than cost of goods purchased.
Answer the following statement true (T) or false (F)