The resource based view locates the source of advantage at the
a. Individual firm level
b. Industry level
c. Both a and b
d. None of the above
a
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Based on the figure above, which of the following factors could lead the supply curve to shift leftward from S0 to S1?
A) a rise in the U.S. exchange rate B) a fall in the U.S. interest rate C) a fall in the U.S. exchange rate D) a fall in foreign interest rates E) a rise in expected future U.S. exchange rate The figure above shows the market for foreign exchange in 2001 and 2009.
An economy produces at point a on the PPF shown in the above figure. A drought reduces the amount of wheat produced and the economy produces at point b. The opportunity cost of a unit of wheat ________
A) remains the same B) increases C) is impossible to calculate without numbers on the axes D) decreases
Government purchases are included in national product
a. True b. False Indicate whether the statement is true or false
The division of productive activities among persons and regions so that no one individual or area is totally self—sufficient is known as
A) advantage-taking. B) comparative value. C) specialization. D) out—sourcing.