​Jim Is Haggling with a Car Dealer on the Price

question 27

Multiple Choice

​Jim is haggling with a car dealer on the price of a used car.If the dealer is getting a bonus per sale made,in addition to the commission,Jim is more likely to be able to

• A)​Get the car cheap
• B)Pay a higher price for the car
• C)Walk away from the deal
• D)​All of the above

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Definitions:

Capitalism

An economic system characterized by private ownership of the means of production, where goods and services are produced for profit in a competitive market.

Biopiracy

Unauthorized appropriation of traditional biological and genetic knowledge, resources, and practices of indigenous peoples.

Indigenous Areas

Regions historically inhabited and recognized as the ancestral lands of indigenous peoples, often characterized by specific legal and social recognition.

Commerce Clause

A provision in the United States Constitution that grants Congress the power to regulate commerce with foreign nations, among the states, and with Indian tribes.