Many times, technology is ________the equipment a company buys.
A. a substitute for
B. not present in
C. produced by
D. embodied in
Answer: D
Economics
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According to Porter's Five Competitive Forces Model, similar products produced by different firms within the industry affects a firm's ability to raise prices far more than substitutable products produced outside the industry
Indicate whether the statement is true or false
Economics
The economist who, in his presidential address to the American Economic Association in 1967, attacked the idea of a permanent downward-sloping Phillips curve was
A) A. W. Phillips. B) Paul Samuelson. C) Milton Friedman. D) Robert Lucas. E) Thomas Sargent.
Economics