Which of the Following Best Illustrates Adjusting "Discrepancies of Assortment

question 63

Multiple Choice

Which of the following best illustrates adjusting "discrepancies of assortment?"

• A) General Motors makes Hummer for one product-market and Chevrolet for another product-market.
• B) A hardware store sells all the hardware items wanted by most people.
• C) Over 310 million U.S. consumers are served by around 330,000 manufacturers.
• D) RCA sold more than 2,000,000 TVs last year.
• E) Three firms produce over 60 percent of all the DVD players sold in the United States.

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Definitions:

Taxes Paid

Taxes paid refer to the monetary contributions levied by the government on individuals, corporations, and other entities, based on income, property, sales, and other activities.

Laissez-faire

An economic philosophy of free-market capitalism that opposes government intervention in the marketplace.

Active Government Intervention

The involvement of the government in the economy to correct market failures, redistribute resources, or stabilize the economy.

Fiscal Policy

Government policies regarding taxation and spending that are used to influence economic conditions, including levels of employment, inflation, and economic growth.