One Way to Assess the Importance of Retailing to the U.S.and

question 427

Multiple Choice

One way to assess the importance of retailing to the U.S.and global economies is to measure the

• A)price asked for any one item
• B)cost of goods sold
• C)people employed in retailing
• D)net return on capital
• E)progress towards eliminating of global boundaries

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Definitions:

Corrective Taxes

Taxes designed to influence market outcomes by correcting for the effects of externalities, encouraging or discouraging certain behaviors.

Regulations

Rules or directives made and maintained by an authority to regulate behavior, often in professional settings, industries, or governmental areas.

Optimal Level

The most efficient, effective, or desirable point or degree for a specific outcome.

Pollution

The contamination of natural environments by harmful substances or activities.