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
c
Economics
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Moving along a short-run Phillips curve, a reduction in the unemployment rate is achieved by
A) reducing the size of the labor force. B) shifting the aggregate supply curve leftward. C) increasing potential GDP. D) running a federal budget deficit. E) increasing the inflation rate.
Economics
In the case of a linear demand function, the marginal revenue function is twice as steep as the demand function
Indicate whether the statement is true or false
Economics