One Way to Promote a New Business Is to Offer

question 113

Multiple Choice

One way to promote a new business is to offer free items.If Jayleen were to open a restaurant and offer free food,she likely would have a line out the door.How would an economist understand the behavior of those standing in line?

• A) Those waiting in line place a high value on the use of their time.
• B) Those waiting in line believe that the marginal cost of waiting in line exceeds the marginal benefit of waiting in line.
• C) Those waiting in line place a low value on the use of their time.
• D) Those waiting in line believe that the marginal cost of waiting in line is zero.
• E) Those waiting in line believe that the marginal benefit of waiting in line is zero.

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Definitions:

Achievement Gap

Describes the persistent disparity in academic performance or educational attainment between different groups of students, often based on socioeconomic status, race, ethnicity, or gender.

Social Determinants

Factors such as economic status, education, neighborhood, and physical environment that influence individual and group differences in health status.

Intersectionally

An analytical framework for understanding how aspects of a person's social and political identities combine to create different modes of discrimination and privilege.

Racism

A belief or doctrine that inherent differences among the various human racial groups determine cultural or individual achievement, often involving the idea that one's own race is superior and has the right to dominate others or that a particular racial group is inferior to the others.