All of the Following Are Economic Explanations for Why Shopping

question 6

Multiple Choice

All of the following are economic explanations for why shopping carts have gotten bigger over the years.

• A) more women in the marketplace have made spending time in the grocery store more costly.
• B) grocery stores now have a wider variety of items available.
• C) store owners are "tricking" customers in into buying more groceries by making them feel ashamed that their carts are not full.
• D) shoppers have become wealthier over the years and are willing to pay for the luxury of wide aisles and the big carts that go along with wider aisles.

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Definitions:

Consumer Leasing Act

is a federal law in the United States that regulates personal property leases that exceed four months and are used primarily for personal, family, or household purposes, to ensure consumers are informed about the terms and costs.

Balloon Payment

A large final payment on a mortgage that has relatively low fixed payments during the life of the mortgage.

Lease Automobile

A contractual agreement where one party (lessee) pays to use a vehicle owned by another party (lessor) for a predetermined time period.

Product Liability Claim

A legal claim for damages resulting from the use of a defective product that caused injury or damage.