The Dutch Disease had occurred in Netherlands because:
a. the Netherlands government had borrowed heavily from the World Bank to meet its Balance of Payment deficits.
b. the price of the primary commodities declined in the international market.
c. the demand for natural gas exports from Netherlands increased substantially.
d. the currency of Netherlands depreciated in the international market.
e. the price of the commodities manufactured by Netherlands declined in the international market.
c
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Some sales managers are talking sho
A) "Since our competitors raised their prices our sales have doubled." B) "It has been an unusually mild winter; our sales of wool scarves are down from last year." C) "We decided to cut our prices, and the increase in our sales has been remarkable." D) none of the above
Which of the following makes a firm's resources hard to imitate?
a. They don't flow from the firm's unique history b. The link between resources and advantages is difficult to discern c. They aren't socially complex d. All of the above
When the nation of Brownland first permitted trade with other nations, domestic producers of wheat experienced an increase in producer surplus of $4 million and total surplus in Brownland's wheat market increased by $1 million. We can conclude that
a. Brownland became an exporter of wheat. b. consumer surplus in Brownland increased by $3 million. c. the opening of trade caused the domestic supply curve for wheat in Brownland to shift to the left. d. this example is inconsistent with the economic theory of international trade.
In an expansion, the cyclical rate of unemployment is often:
A. zero. B. negative. C. equal to the natural rate of unemployment. D. positive.