When One Store Stays Open Late to Gain an Advantage

question 2

Multiple Choice

When one store stays open late to gain an advantage, its competitors begin to stay open late, too. At this point the first store is no better off than it was before, but now every store has additional expenses. This illustration is an example of what Frank and Cook call a

• A) capitalistic marathon.
• B) market economy.
• C) positional arms race.
• D) struggle for parity.
• E) virtual conflict. Answers to the Multiple-choice Questions

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Definitions:

Carbon Sink

Natural matter that absorbs more carbon than it emits.

Biocolonialism

The exploitation of biological resources and indigenous knowledge of these resources by more developed countries, without fair compensation to the indigenous peoples or countries.

Environmental Racism

The practice of disproportionately exposing communities of color to environmental hazards and pollution, often due to discriminatory policies or practices.

Carbon Dioxide Concentrations

The measure of the amount of carbon dioxide in the atmosphere, usually expressed in parts per million (ppm), indicating the volume of CO2 in a million parts of air.