-
Home
- Business
- Economy
- Socialism Command Economy
- Lesson 15: The Failures of
- Explain why you probably receive
-
Card 11 / 19: Explain why you probably receive better service at Walmart than at the Department of Motor Vehicles.
Answer:
The DMV has a monopoly on its "services" and thus has little incentive to keep its "customers" satisfied. In contrast, if Walmart employees consistently treat customers rudely, Walmart will lose market share and eventually go out of business if the problem is severe enough. Sample Partial Credit Answer Walmart has competition.
-
Keyboard Shortcuts
| Previous Card |
← Previous Card Button |
| Next Card |
→ Next Card Button |
| Flip Card |
Space-Bar |
<< First
< Previous
Flip
Next >
Last >>
Questions & Answers
explain vividdly the concept of market with concrate example
what is the difference between Absolute Advantage and comparative Advantage?
what is the comprehensive definition of economics?
In long run, where is perfectly competitive firm produce output?
why we learn economics ? Explain briefly
why we learn economics ?
ayalew
why we learn economics
ayalew
profit maximize for monopolistically?
what kind of demand curve under monopoly?
what is the difference between inflation and scarcity ?
What stops oligopolists from acting together as a monopolist and earning the highest possible level of profits?
Mik
why economics is difficult for 2nd school students.
what does mean opportunity cost?
what is poetive effect of population growth
economics theory describes individual behavior as the result of a process of optimization under constraints the objective to be reached being determined by
Kalkidan
Economics is a branch of social science that deal with How to wise use of resource ,s
Kassie
Economic Needs: In economics, needs are goods or services that are necessary for maintaining a certain standard of living. This includes things like healthcare, education, and transportation.
Kalkidan
Got questions? Join the online conversation and get instant answers!
Interactive Question
Test Home Page
|
Dr.Robert MurphyAssociated Scholar
Mises Institute
USA
|
Attribution:
Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
Flash Cards plugin by Curtis Blackwell github.com/curtisblackwell/flash_cards
Google Play and the Google Play logo are trademarks of Google Inc.
