For a resource to be able to generate sustained competitive advantage over rivals, it must be
a. Valuable
b. Rare
c. Difficult to imitate or substitute away from
d. All of the above
d
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The chairman of the Federal Reserve System:
A. is approved by the House of Representatives and the Senate. B. is independent of the Board of Governors, to maintain objectivity. C. serves a four-year term. D. All of these are true.
Balanced budget amendments are believed to be destabilizing. Explain why this is so
What will be an ideal response?
The capture theory of regulation states that _____
a. regulators act in the best interests of regulators b. regulators act in the best interests of politicians c. regulators act in the best interests of the general public d. regulators act in the best interests of the regulated
Because the United States has had substantial deficits in goods and services, it has also necessarily had surpluses in
a. the federal budget. b. the sales of assets. c. the sales of military goods. d. its gold supplies.