In the IO perspective it is important to enter an industry with
a. High supplier power
b. Low threat from substitutes
c. Low levels of rivalry between firms
d. Only B & C
d
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If relative purchasing power between the United States and Argentina is 3.22 pesos per dollar, under which circumstances would we say that the dollar is "overvalued"?
A) if the actual exchange rate between the dollar and the Argentinean peso is 3 pesos per dollar B) if the actual exchange rate between the dollar and the Argentinean peso is 4 pesos per dollar C) if the actual exchange rate between the dollar and the Argentinean peso is 3.22 pesos per dollar D) if the actual exchange rate between the dollar and the Argentinean peso is 0.22 pesos per dollar
The quantity theory of money idea that velocity is ________ link between money growth and nominal GDP growth was ________ in the 1930s
A) a stable, confirmed B) a stable, disproved C) an unstable, confirmed D) an unstable, disproved
Which of the following laws was enacted to forbid monopolization and attempts to monopolize?
a. The Anti-Monopoly Act b. The Sherman Antitrust Act c. The Trade Act d. The National Banking Act e. The Celler-Kefauver Act
If a vineyard wants to raise funds to purchase a new bottling machine, it does so in the
A) factor market. B) output market. C) product market. D) alcoholic beverages market.