China has developed a rapid approach to development.
Answer the following statement true (T) or false (F)
False
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Using the SSNIP test, if two firms merge and the result is that the new, merged firm can raise the price of its product by ________ percent for ________ year(s), then the product the merged firm produces represents a market.
A) one; five B) five; five C) five; one D) one; one
Some companies resolve service failures so successfully that customer satisfaction actually increases following a disruption. What is this known as?
a. Service recovery paradox b. Emergency relief system c. Customer satisfaction paradigm d. Efficiency planning
Marxists and leaders of communist economies actually often admire the market mechanism for its
a. efficiency in allocation of resources. b. fairness in distribution of output. c. maximization of net benefits for consumers. d. effectiveness in achieving high rates of growth.
If the world price of a good is greater than the domestic price in a country that can engage in international trade, then that country becomes an importer of that good
a. True b. False Indicate whether the statement is true or false