One could argue that price competition among oligopolistic firms is highly likely to cause the revenues of individual firms to decline, while competition on the basis of product differentiation could cause demand, and total revenues, of individual

Canada and the United States produce computers and chemicals using labor and capital as the only inputs in production. The United States is capital abundant, and Canada is labor abundant. Computer production is more labor intensive than chemical production in both countries. What does the HeckscherOhlin model predict will happen to prices of computers or chemicals in the two countries?

a. The price of chemicals should rise in the United States. b. The price of chemicals should fall in the United States. c. The price of computers should fall in Canada. d. The price of chemicals should rise in Canada.

Which of the following statements is NOT true of the VIX?

A) It is calculated based on prices of call and put options of the S&P 500. B) Investors who want to hedge against stock market volatility can sell VIX options. C) A VIX of 10 indicates investors expect the S&P 500 to fluctuate by 10% at an annual rate over the next 30 days. D) The VIX is a measure of fear in the stock market.