VRIN or VRIO is an example of a
A) five forces model
B) resource-base model
C) supply and demand model
D) dark-side model
B
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The conventional monetary policy to fight recessions would be to
A. increase the rate of monetary growth. B. decrease the rate of monetary growth. C. run a government surplus. D. run a government deficit.
In the circular flow model, businesses
A. demand both products and resources. B. supply both products and resources. C. demand products and supply resources. D. supply products and demand resources.
Which of the following is a type of economic analysis?
a. Association b. Resources c. None of these choices is a type of economic analysis. d. Positive
The balance of payments constraint refers to the limits on:
A. exchange rate policy imposed by flexible exchange rates. B. currency convertibility observed in most developing countries. C. domestic macroeconomic policy, arising from a shortage of international reserves. D. macroeconomic policy resulting from IMF conditionality.