The most recent recession in the United States began in December 2007
a. True
b. False
A
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The higher price of imported products due to trade barriers causes some consumers to shift their purchases to a domestically produced product that is now
A. lower in price because import competition has declined. B. higher in price because import competition has declined. C. lower in price because import competition has risen. D. higher in price because import competition has risen.
Refer to Figure 24-4. Given the economy is at point A in year 1, what will happen to the price level in year 2?
A) It will remain constant. B) It will fall. C) It will rise. D) not enough information to answer the question
A software design company wants to pursue a platform strategy. Which of the following strategies is the firm likely to want to adopt?
a. Focus on softening rivalry b. Encourage complementary innovation c. Encourage substitute innovation d. All of the above
If the price of a company's stock is expected to fall in the future, then people holding such shares will have an incentive to get rid of them
a. True b. False Indicate whether the statement is true or false