4. The owner of a sporting goods store has decided on a 250 percent
markup on all apparel. How much will the store charge for bicycle
shorts it purchased from the wholesaler for $10 each? What did the
store pay for running shoes that it is selling for $70? (LO 8.2-2)

Which of the following pairs is most similar to each other? a. barter goods and fiat money b. digital money and barter goods c. fiat money and digital money d. commodity money and digital money

Contrast two economies that transitioned to capitalism and explain what factors affected the ease kf their transition as welas the “face” of capitalism that each has adopted

Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.