Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

shopping locally has benefits beyond customer service. several studies …

Question

shopping locally has benefits beyond customer service. several studies consistently show that buying from small businesses energizes the local economy. money spent at an independent business returns more money to the local economy than the same amount spent at a chain retailer. for example, a chicago study found that for each one hundred dollars spent at a local business, sixty - eight dollars remains in the area to fuel the local economy. conversely, only forty - three dollars out of each one hundred dollars spent at a chain retailer goes back into the local community. in addition, independent businesses in a thriving town center have been shown to boost the value of nearby homes, further energizing the economic base of a local area. select the evidence that the author provides for the following supporting claim: thriving local businesses give a significant boost to the local economy. the value of nearby homes increases the likelihood that a local business will thrive. local business owners are more likely to support their community via charitable acts. sixty - eight percent of the money spent locally goes back into the areas economy.

Explanation:

Brief Explanations

The correct evidence directly supports the claim that local businesses boost the local economy. The Chicago study data shows a higher portion of money spent locally stays in the area, and the text also notes thriving local businesses increase nearby home values. Among the options, the 68% figure is explicitly cited as evidence for the economic boost, while the other options are not mentioned in the provided text.

Answer:

Sixty-eight percent of the money spent locally goes back into the area's economy.