Porter states that a company can gain ______ advantage if their home customers are demanding and knowledgeable.
Fill in the blank(s) with the appropriate word(s).
competitive
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The rate of unemployment when the economy is fully employed is called the
A. full-employment rate of unemployment. B. natural rate of unemployment. C. frictional rate of unemployment. D. structural rate of unemployment.
Which of the following statements is true?
A) Data are facts established by observation and measurement. B) Theories are statistics that describe the real world. C) Hypotheses are predictions that can be tested with data. D) Empirical evidences are facts, measurements, or statistics that describe the world.
Assume that the total deficit is $100 billion and the economy is above potential output
Now the level of economic activity falls back to its potential level output, leading to an decrease in tax revenues increase by $50 billion an increase in transfer payments fell by $10 billion. Then, what is the structural deficit? a. $100 billion b. $110 billion c. $150 billion d. $160 billion e. can't tell based on information given.
Mobil Energy Corp has a monopoly on gas sales in Texas. If the price of oil increases, the price of gas will
a. increase. b. decrease. c. remains the same. d. may increase or decrease.