According to the Law of Supply and Demand, the ______ of price, ...

[RODY.ELKHALIL]

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.

[trog]

Answer to Question 1

c

Answer to Question 2

d

[RODY.ELKHALIL]

TY

[trog]

You're welcome