Related to the Economics in Practice on page 129: Harry's Foods claims that you will pay less for groceries by shopping at their stores. As evidence, Harry's Foods points out that the total price of the bundle of goods that a particular shopper purchased at Harry's Foods was lower than the total price of the same bundle of goods purchased at other stores. Which of the following points out a flaw in the grocery store's argument?
A. Prices on the day the bundle was purchased may not be representative of prices on a typical day.
B. It fails to demonstrate that Harry's Foods offers the highest quality groceries.
C. The shopper in question may not have purchased the same bundle of goods had he shopped at one of the other stores first.
D. It ignores the possibility that Harry's Foods used to charge higher prices than their competitors.
Answer: C
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This fact proves that policies relying on export-driven growth are the "winning ticket" for these countries.
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a. true b. false