Economic reasoning is based on the premise that:
a. all decisions or actions are costless.
b. only non-economic decisions or actions have a cost associated with them.
c. only economic decisions or actions have a cost associated with them.
d. all decisions and actions have a cost associated with them.
Question 2
Which of the following makes a firm's resources hard to imitate?
a. Do not use resources that flow from the firm's unique history
b. Keep the link between resources and advantage simple
c. Resources emanate from a socially complex organizational structure
d. All of the above
