Homework Clinic
Social Science Clinic => Economics => Topic started by: Pineapplelove6 on Jun 29, 2018
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In Michael Porter's five competitive forces model, what do the competitive forces determine?
What will be an ideal response?
Question 2
The money demand curve has a
A) positive slope because an increase in the price level increases the quantity of money demanded.
B) negative slope because an increase in the interest rate decreases the quantity of money demanded.
C) negative slope because an increase in the price level decreases the quantity of money demanded.
D) positive slope because an increase in the interest rate increases the quantity of money demanded.
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Answer to Question 1
The five competitive forces determine the level of competition in an industry.
Answer to Question 2
B