In early 1996, the upper Midwest suffered record cold, with wind chills of 50° below zero or worse.Yet, grocery stores stocked fresh citrus fruit (which was clearly not grown locally) .Why did grocers stock the fruit?
A) The desire for profit
B) Concern for their neighbors
C) The need to dispose of excess production
D) Government orders to distribute fruit
E) All of the responses are correct.
Correct Answer:
Verified
Q247: The law of comparative advantage explains why
A)individuals
Q248: What mechanism assures that producers use inputs
Q249: The total amount of consumption of a
Q250: What mechanism assures that firms produce outputs
Q251: In his concept of "the invisible hand,"
Q253: Adam Smith noted that people are adept
Q254: Which of the following is a good
Q255: Do markets solve all of society's problems?
A)Yes,
Q256: Voluntary exchange
A)is usually beneficial to one party,
Q257: Which of the following observations is true?
A)Free
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