Why do supermarkets stock thousands of items that people enjoy?
a. Competition, self-interest, and market prices influence the supermarkets' decisions on which items to stock.
b. The rules of the SNAP program, formerly known as food stamps, require supermarkets to stock certain items.
c. State governments regulate supermarkets.
d. The federal Food and Drug Administration requires supermarkets to stock certain items.
a. Competition, self-interest, and market prices influence the supermarkets' decisions on which items to stock.
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The average income per capita of a country in its own currency is 75,000 units. If one US dollar is worth 20 units of its currency, the income per capita of the country in dollars is ________
A) $1,850 B) $15,000 C) $3,750 D) $2,500
Based on the information in Scenario 1, real GDP grew by about ________ percent from 2015 to 2016
A) 23 B) 31 C) 62 D) 162
If the aggregate price level ________, but nominal wages stay fixed, labor demand ________
A) falls; remains unchanged B) rises; falls C) rises; remains unchanged D) falls; falls
Paulette owns a pizza parlor. Her total cost schedule is in the above table. Her total fixed cost is equal to
A) $20. B) $35. C) $79. D) $85. E) Some amount, but more information is needed to determine her fixed cost.