Question

best goods, one of the leading department store chains, offers goods at low prices. it recently opened many new stores across the country. after successfully setting up stores in most major cities, best goods faced substantial opposition in the city of joberg, when lobbyists for smaller general stores (local businesses) opposed its entry. these lobbyists argued that best goods would put many local stores out of business and would also increase income inequality and unemployment in the city. which of the following can most reasonably be concluded from the information given in the question? a. equity of income is the most important indicator of economic well - being. b. lobbyists believe that income inequality can be reduced if best goods can be prevented from operating in joberg. c. the government will provide tax benefits to the retail sector to fuel its growth. d. the purchasing power of the average consumer in joberg is low. e. lobbyists believe that those who lose jobs wont find alternative opportunities in the short term.

Explanation:

The lobbyists for smaller general stores in Joburg opposed Best Goods' entry, arguing it would increase income inequality. This implies they believe preventing Best Goods from operating could reduce income inequality. Option A is not supported as there's no mention of income equity being the most important economic - well - being indicator. Option C has no information about government tax benefits. Option D has no indication of the purchasing power of consumers. Option E has no evidence about job - seekers finding alternative opportunities in the short term.

Answer:

B. Lobbyists believe that income inequality can be reduced if Best Goods can be prevented from operating in Joburg.