Which of the following makes a firm's resources hard to imitate?
a. They flow from the firm's unique history
b. The link between resources and advantage is simple
c. They aren't socially complex
d. All of the above
a
You might also like to view...
If government uses a pollution tax to control pollution, the tax should be set
A) equal to the private cost of production created by the activity. B) equal to the external cost of production created by the activity. C) equal to the social cost of production created by the activity. D) at the amount that will eliminate the pollution completely.
If the wage rate rises, labor's share in the total costs of a production process
a. will increase. b. will decrease. c. may increase or decrease depending on the elasticity of demand for the product. d. may increase or decrease depending on the ease of substitution of other inputs for labor.
M1 = 1,000 Small denomination time deposits = 1,500 Savings deposit = 1,800 Money market mutual funds = 300 Large denomination time deposits = 800 How much is M2
What will be an ideal response?
The velocity of circulation is the
A. speed at which the multiplier takes effect. B. speed at which money circulates. C. speed at which tax cuts get spent. D. rate at which money creation takes place.