The resource-based view indicates that firms exhibit different performances within the same industry because
a. there is less buyer power
b. there are economies of scale present
c. some firms have superior resources
d. there is less competition
c
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If the demand for money increases, but the Fed keeps the money supply the same:
a. nominal interest rates will rise and aggregate demand will fall. b. nominal interest rates will rise and aggregate demand will rise. c. nominal interest rates will fall and aggregate demand will fall. d. nominal interest rates will fall and aggregate demand will rise.
What is the current average tariff on imported goods for the world?
a. equal to 2 percent b. equal to 5 percent c. less than 5 percent d. greater than 5 percent
A tax on sellers will shift the
a. demand curve upward by the amount of the tax. b. demand curve downward by the amount of the tax. c. supply curve upward by the amount of the tax. d. supply curve downward by the amount of the tax.
What is the change in consumer surplus after trade as shown in Exhibit 2?
a. – b – c
b. – b – c – e – f
c. + e + f
d. + b + c