Since the 1980s, Wal-Mart stores have appeared in almost every ...

[Mr. Wonderful]

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

[nixon_s]

Answer to Question 1

d

Answer to Question 2

False