Which of the following best describes how Sam Walton benefited the U.S. economy?

• A. He created a monopoly in the grocery sector, reducing consumer choice.
• B. He focused solely on luxury goods, limiting access for average consumers.
• C. He established government regulations for small businesses.
• D. He increased retail competition and lowered consumer prices through the expansion of Walmart.

Answer: (D)

Verified step by step guidance

1. Understand the role of Sam Walton in the U.S. economy by recognizing his contribution as the founder of Walmart, a major retail corporation.
2. Analyze the impact of Walmart's business model, which focused on offering a wide variety of goods at lower prices, thereby increasing competition among retailers.
3. Recognize that increased competition typically leads to lower prices and more choices for consumers, which benefits the overall economy by improving consumer welfare.
4. Evaluate the incorrect options by noting that Walmart did not create a monopoly, did not focus solely on luxury goods, and did not establish government regulations for small businesses.
5. Conclude that the best description of Sam Walton's benefit to the U.S. economy is that he increased retail competition and lowered consumer prices through the expansion of Walmart.