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Was Cracker Jack a real person?

Yes and no. Cracker Jack's Sailor Jack and his dog Bingo were introduced in 1916 and registered as a trademark in 1919. Sailor Jack was modeled after Robert Rueckheim, grandson of Frederick Ruckheim, founder of the company.. Robert died of pneumonia shortly after his image appeared at the age of 8. The sailor boy image acquired such meaning for the founder of Cracker Jack that he had it carved on his tombstone, which can still be seen in St. Henry's Cemetery in Chicago. Sailor Jack's dog Bingo was based on a real-life dog named Russell, who was adopted in 1917 by Henry Eckstein, who demanded that the dog be used on the packaging. Russell died of old age in 1930.


What is manufactured in Tennessee?

There are several products that are manufactured in Tennessee. Products include Jack Daniels, Bush's Baked Beans, and the Lodge cast iron.


It is often said that middlemen are unnecessary they cause price inflation?

Not necessarily. Let's use the example of getting an oil change. To get an oil change, you must buy the oil from an auto shop, use a jack or tire ramps to raise your car, have the knowledge of how to change the oil in the first place, and have the labor to actually perform this maintenance. Driving around town for the oil and tire ramps, searching the internet for instructions, and getting cramped underneath your car are very time consuming and time is money. Instead, you can hire an auto shop as a middleman, who has plenty of oil and equipment that makes changing oil very easy. And while your car is receiving maintenance, you can use this time to go grocery shopping or perform other errands. In this case, a middleman is necessary to save time and money.


What effect does scarcity have on the price of a product if demand stays the same?

The scarcer the product, the higher the price.


What economics are involved?

I think it's involved business and account