Does the strength of each of the five competitive forces from Michael Porter's model remain constant over time? Briefly explain
What will be an ideal response?
The strength of these forces changes over time. For example, a small supplier might grow into a virtual monopolist—as happened to IBM in its dealings with Microsoft.
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All else being equal, if the prospect of a recession leads the Federal Reserve to ease monetary policy, the equilibrium value of the exchange rate for the U.S. dollar will:
A. fall. B. either rise or fall depending on whether the supply or demand for dollars changes more. C. remain fixed. D. rise.
Refer to Figure 10.8. Other things equal, an increase in the demand for money and the accompanying change in the real interest rate would best be represented by
A) a movement from point A to point C. B) a movement from point A to point D. C) a shift from LM1 to LM2. D) a shift from LM2 to LM1.
Which form of business organization is the most common in the United States?
a. sole proprietorship b. partnership c. corporation d. nonprofit organization e. S-corporation
It has been generally observed that most trade in the world occurs between a developed and a less-developed nation rather than between industrial or developed nations
a. True b. False Indicate whether the statement is true or false