Supplier power tends to be high when
a. your firm purchases critical inputs from the supplier
b. your input choices are highly differentiated
c. Both A&B
d. None of the above
c
Economics
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Refer to above figure. If trade were to open up between P and R, where would the world terms of trade locate in the figure above (somewhere on the PC/PF axis)? Would relative wages (w/r) in the two countries become equal? Is this consistent with the
Heckscher-Ohlin model? Explain.
Economics
Consumers do not prefer gifts-in-kind to cash gifts
What will be an ideal response?
Economics