A retailer X that is operating at a loss gets bought out by a larger chain of department stores, which shuts down the brand, using its assets for their own brand,
a. Wealth is destroyed since the company shut down
b. Wealth is created since the resources were of lesser value under the X brand and are now worth more
c. Wealth is neither created nor destroyed since the total amount of resources stay the same
d. None of the above
b
Economics
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A movement of the price index from 108 to 112 represents an improvement in the cost of living
a. True b. False Indicate whether the statement is true or false
Economics
A firm producing dresses currently uses 1,347 hours of labor to produce 2,509 dresses per week. The average product of labor
a. cannot be determined from the information given b. is 2,509 dresses per labor hour. c. is 1.86 dresses per labor hour. d. is 186 dresses per labor hour.
Economics