The difference between the price of electronic equipment in a retail store and on the Internet partly reflects:
A. the value of personal attention and support at a retail store.
B. the extent to which middlemen drive the price up for extra profit.
C. excessive markup.
D. the lack of competition between brick and mortar stores and online stores.
Answer: A
Economics
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Compared to those in low-income countries, the residents of countries with high per person incomes nearly always
a. live longer. b. have a lower illiteracy rate. c. have a lower infant mortality rate. d. all of the above.
Economics
Refer to the given data. How many units of output are produced when 2 workers are employed?
A. 4.
B. 16.
C. 24.
D. 10.
Economics