This topic contains a solution. Click here to go to the answer

Author Question: According to the Law of Supply and Demand, the ______ of price, ______ in domestic demand, and ... (Read 89 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

trog

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

c

Answer to Question 2

d





 

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

For a complete list of videos, visit our video library