According to the Law of Supply and Demand, the ______ of price, ______ in domestic demand, and decrease in domestic supply of jeans through international trade also contributes to a total welfare _______ in the domestic marketplace.
a. reduction, reduction, reduction
b. reduction, reduction, increase
c. reduction, increase, increase
d. increase, increase, increase
Question 2
Which of the following is true about Michael Porter's competitive advantage theory?
a. The theory assures that a nation's competitive advantage is mostly inherited. Therefore, countries in Africa would never be able to be a productive member of global society.
b. It also emphasizes that once a company or country achieve competitive advantages, innovation is rarely necessary to sustain it.
c. Out of the four important attributes for competitive advantages, a nation needs only one of them to achieve and sustain competitive advantages.
d. Sometimes, a country can achieve and sustain competitive advantages by pure chance.
Domestic cat
An Oil-dependent World— Supply and Demand Driven
Oil supply and prices affect the economies of nations
China has relied on cheap coal to meet its demand for energy
Testing the arterial supply to the lower extremities
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?