Porter's five forces portray
a. A zero-sum game
b. A game where your profitability comes at the expense of someone else's
c. The ability of market participants to create a larger total pie
d. Only A&B
d
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The costs of pollution abatement
A. decrease at an increasing rate with the increase in pollution abatement. B. increase at an increasing rate with the increase in pollution abatement. C. decrease at a decreasing rate with the increase in pollution abatement. D. increase at a decreasing rate with the increase in pollution abatement.
Which of the following happens if the long-run real interest rates fall?
A) The demand for loans fall. B) Employment increases. C) Nominal wages fall. D) Imports increase.
Other fundamental things equal, an increase in the exchange-rate value of the domestic currency will make domestic goods
A. more expensive in the domestic market. B. less competitive in the international markets. C. more expensive to produce. D. more in demand internationally.
The actual value of price elasticity of demand
A) measures the relative change in quantity demanded when there is a change in price. B) will change when the units good is measured in changes. C) varies with changes in supply. D) is always negative.