Author Question: There is only one supermarket in Beverly Hills, California because A) supermarkets can't compete ... (Read 78 times)

futuristic

  • Hero Member
  • *****
  • Posts: 638
There is only one supermarket in Beverly Hills, California because
 
  A) supermarkets can't compete effectively against residents in buying land.
  B) supermarket owners are paying attention to sunk costs in their location decisions.
  C) the demand for food is highly elastic in wealthy neighborhoods.
  D) the demand for food is highly inelastic in wealthy neighborhoods.
  E) wealthy people rarely do their own grocery shopping.

Question 2

What is a welfare state?
 
  What will be an ideal response?



smrtceo

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

A

Answer to Question 2

A welfare state is the set of insurance, regulation, and transfer programs operated by the government, including unemployment benefits, pensions, and government-run-and-financed health care. In the United States, for example, the welfare state comprises several programs, such as Medicaid and food stamps, which are targeted at the poor.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

For a complete list of videos, visit our video library