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Author Question: Which of the following is not among Porter's competitive forces? A) changing consumer tastes B) ... (Read 146 times)

kamilo84

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on: Jun 29, 2018
Which of the following is not among Porter's competitive forces?
 
  A) changing consumer tastes B) threat of new entrants
  C) power of buyers D) power of suppliers

Question 2

What factors increase potential GDP? Include a definition of potential GDP in your answer.
 
  What will be an ideal response?
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Silverbeard98

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

Potential GDP is the level of GDP attained when all firms are producing at capacity. Growth in potential GDP is determined by growth in the labor force and the capital stock and by technological change. Capital investments accompany growth in the labor force, encouraging technological progress and increasing potential GDP.


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