For lock-in to be an effective competitive strategy, a firm must successfully raid the customer base of competing firms on a regular basis
Indicate whether the statement is true or false
FALSE
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If real GDP per capita in the United States is $8,000 in 2016, and if real GDP per capita is $12,000 in 2026, what is the total percent change in the growth rate of GDP per capita between 2016 and 2026?
A) 3.33% B) 5% C) 33% D) 50%
Bans and quotas ___________ in situations where it is difficult or costly for authorities to monitor and punish rule-breakers.
A. often succeed B. sometimes succeed C. rarely succeed D. always succeed
Suppose we switch the base year from 2000 to 2008. This change in the base year will cause
A) nominal GDP in every year to increase. B) nominal GDP in every year to decrease. C) both nominal and real GDP in every year to decrease. D) real GDP in every year to decrease. E) none of the above
In the mobile device industry, an example of a platform firm is
A. a developer of mobile device operation systems. B. a provider of wifi networks. C. a mobile apps developer. D. a retailer of mobile device accessories.