The principle of minimum differentiation
A) results in political parties proposing very similar or possibly identical policies.
B) refers to the tendency of competitors to make themselves different in order appeal to the maximum number of clients or voters.
C) explains why Burger King, Wendy's, and other fast food restaurants tend to locate far away from each other.
D) None of the above answers are correct.
A
You might also like to view...
Among the most important indicators used by the NBER Business Cycle Dating Committee to determine the beginning of the 2007-2009 recession were all of the following except:
A. industrial production. B. total sales in manufacturing, wholesale trade, and retail trade. C. nonfarm employment. D. the consumer price index.
We use the term expansionary fiscal policy when the overall effect of decisions about taxation and spending is to:
A. increase aggregate demand. B. decrease aggregate demand. C. increase aggregate supply. D. decrease aggregate supply.
While their respective subject matters differ greatly, both microeconomists and macroeconomists rely on the same basic tools; that is, both rely on
a. government contracts to promote research and publications. b. demand-and-supply analysis. c. the economic theory of John Maynard Keynes. d. consumer protection laws and antitrust legislation.
In order to achieve a high economic freedom rating, a country must
What will be an ideal response?