One of the limitation of Five Forces is that they
a. Reduce producer surplus
b. For one firm to increase profit, the profit of another participant must decrease
c. Does not provide a firm with sustainable competitive advantage
d. Both b and c
b
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Public goods are both rival and nonexclusive
a. True b. False
Compared to the no-trade situation, when a country imports a good,
a. domestic consumers gain, domestic producers lose, and the gains outweigh the losses. b. domestic consumers lose, domestic producers gain, and the gains outweigh the losses. c. domestic consumers gain, domestic producers lose, and the losses outweigh the gains. d. domestic consumers gain, but domestic producers lose an equal amount.
People react to an excess supply of money by:
a. buying bonds, thus driving down the interest rate. b. selling bonds, thus driving down the interest rate. c. selling bonds, thus driving up the interest rate. d. buying bonds, thus driving up the interest rate.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point A to Point E, the opportunity cost of motorcycles, measured in terms of hybrid cars
A. remains constant. B. decreases. C. initially increases, then decreases. D. increases.