In Porter's model of the determinants of national competitive advantage, he noted many US firms were led by people with ______ backgrounds, likely leading to US firms' lack of attention to improving manufacturing process and product design.
Fill in the blank(s) with the appropriate word(s).
finance
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An advance in farm technology that results in an increased market supply is
a. good for farmers because it raises prices for their products but bad for consumers because it raises prices consumers pay for food. b. bad for farmers because total revenue will fall but good for consumers because prices for food will fall. c. good for farmers because it raises prices for their products and also good for consumers because more output is available for consumption. d. bad for farmers because total revenue will fall and bad for consumers because farmers will raise the price of food to increase their total revenue.
Because an expansionary monetary policy decreases domestic interest rates, it can be used to fix the value of the domestic currency below the market equilibrium rate.
Answer the following statement true (T) or false (F)
Which could be sources of funding for a government that wants to increase government expenditures?
A. both taxes and borrowing B. borrowing only C. neither taxes nor borrowing D. taxes only
Why do suppliers hoard their goods during periods of high inflation?
What will be an ideal response?