Fast-second strategies are more likely to be used by:
A. dominant firms than by start-up firms.
B. pure competitors rather than by oligopolists.
C. start-up firms rather than by existing firms.
D. entrepreneurs rather than by corporations.
Answer: A
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Ron regularly deposits $200 each week into a savings account, which earns 3% interest per year. This month he decides instead to invest $200 into the stock market. What is the opportunity cost of Ron's decision to invest rather than save?
A) $200 B) The 3% interest he could have earned by depositing another $200 into his savings account C) The difference between the rate of return he enjoys in the stock market and the 3% interest return he could have earned by depositing that $200 into his savings account D) Zero, because Ron already had the $200
The thing or things that a company does better than its competitors is called its
A) comparative advantage B) absolute advantage C) core competency D) positive externality
A $500 government bond is a money-fixed asset
a. True b. False Indicate whether the statement is true or false
If the U.S. put an import quota on clothes dryers, it would
a. raise U.S. net exports of clothes dryers and raise net exports of other U.S. goods. b. raise U.S. net exports of clothes dryers and lower net exports of other U.S. goods. c. lower U.S. net exports of clothes dryers and raise net exports of other U.S. goods. d. lower U.S. net exports of clothes dryers and lower net exports of other U.S. goods.