Groupon Is an Example of Local Commerce

question 67

True/False

Groupon is an example of local commerce.

---

Definitions:

Natural Gas

A fossil fuel used primarily for heating, cooking, and electricity generation, consisting mainly of methane.

Government Savings Bond

A low-risk investment product issued by a government, offering a fixed rate of interest over a specified period.

Scarcity

The essential economic issue revolves around the apparent infinite desires and necessities of humans in a world where resources are finite.

Absolute Advantage

The ability of an individual or country to produce more of a certain good compared to another individual or country using the same amount of resources.