Walmart

question 3

Multiple Choice

Walmart

• A) was the second-largest employer in Mexico by 2010.
• B) by the early twenty-first century was the second-largest corporate employer in America (after Apple).
• C) paid most of its 1.6 million nonunionized workers slightly more than minimum wage.
• D) refused to produce in Mexico.
• E) supported collective bargaining.

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Definitions:

Economic Decision

A choice made by individuals or organizations regarding the allocation of resources and the distribution of goods and services, often driven by cost-benefit analyses.

Excess Burden

Excess Burden, also known as deadweight loss, refers to the cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.

Consumers

Individuals or entities that purchase goods and services for personal use.

Widgets

A generic term for any hypothetical manufactured good used in economics or consumer studies.