An assumption that underline Resource-based View include
a. Resource heterogeneity
b. Resource immobility
c. Barriers to entry
d. Both a and b
d
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Along with currency not in banks and deposits in checking accounts, what is another component of the M1 measure of money?
A) traveler's checks B) debit cards C) credit cards D) prepaid accounts
In the expression Pr(Y = 1 = ?(?0 + ?1X),
A) (?0 + ?1X) plays the role of z in the cumulative standard normal distribution function. B) ?1 cannot be negative since probabilities have to lie between 0 and 1. C) ?0 cannot be negative since probabilities have to lie between 0 and 1. D) min (?0 + ?1X) > 0 since probabilities have to lie between 0 and 1.
The greater the magnitude of the external benefits of production, a. The larger is the deadweight loss from underproduction
b. The greater would be the optimal subsidy. c. The further the private market solution ignoring those benefits would deviate from the socially efficient level of output. d. All of the above are true
If large sectors of American industry are not very competitive, then the _______________ does not work as well as it could if American industry operated under a more perfectly competitive system.
Fill in the blank(s) with the appropriate word(s).