Reilly's Law Is Based on Two Assumptions,one of Which Is

question 14

Multiple Choice

Reilly's law is based on two assumptions,one of which is:

• A) population is a good indicator of the differences in the goods and services available in different cities.
• B) retail competitors are of equal size.
• C) the two competing cities are unequally accessible from the major road.
• D) smaller cities will attract shoppers from larger communities.
• E) price fixing occurs between retailers.

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Definitions:

Debt

An amount of money borrowed by one party from another, often for making large purchases that they could not afford under normal circumstances, which needs to be paid back.

FICA

Federal Insurance Contributions Act; a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.

Federal Income Taxes

Taxes imposed by the federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Form 941

A U.S. tax form used by employers to report quarterly federal payroll taxes.