__________ is the set of characteristics, skills and knowledge that distinguishes certain people from novices and less experienced people

a. Expertise
b. Imagineering
c. Performance
d. A value chain

A

Economics

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Suppose the nation of Alphonia was charged with dumping electric lawnmowers in the nation of Omegalon. The two reasons a nation like Alphonia would dump products in another nation are

A) import licensing and outsourcing. B) price discrimination and import licensing. C) price discrimination and predatory pricing. D) outsourcing and predatory pricing.

Economics

Assume the price of a product rises from $2 to $3 and the quantity demanded of the product decreases from 600 to 400. The price elasticity of demand coefficient, using the midpoint formula, is:

A. 2.10. B. 0.40. C. 1.60. D. 1.00.

Economics