Since the 1980s, Wal-Mart stores have appeared in almost every community in America. Wal-Mart buys their goods in large quantities and therefore at cheaper prices. Wal-Mart also locates its stores where land prices are low, usually outside of the community business district. Many customers shop at Wal-Mart because of low prices and free parking. Local retailers, like the neighborhood drug store, often go out of business because they lose customers. This story demonstrates that:
a. consumers are boycotting local retailers.
b. Wal-Mart engages in illegal acts of monopolization.
c. there are diseconomies of scale in retail sales.
d. there are economies of scale in retail sales.
e. Wal-Mart is managed by ruthless business people.
Question 2
Macroeconomics simply focuses on the annual performance of a particular national economy and ignores its interactions with other national economies around the world.
a. True
b. False
Indicate whether the statement is true or false
Wood first appeared in plants called progymnosperms.
Chemosynthesis-based community on the East Pacific Rise.
Joseph Beuys, I Like America and America Likes Me.
North America
Most Americans obtain their drinking water from a community water system
Polar wandering paths for Eurasia and North America