The thing or things that a company does better than its competitors is called its
A) comparative advantage
B) absolute advantage
C) core competency
D) positive externality
C
Economics
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If butter has an income elasticity equal to 0.75, then butter is an inferior good
a. True b. False Indicate whether the statement is true or false
Economics
Dan Heath is the majority owner of Plain Truth Advertising. He hires Shirley Downs as the chief executive officer (CEO). In terms of an economic model, Mr. Heath is the ________ and Ms. Downs is the ________.
A. agent; principal. B. agent; intermediary. C. principal; agent. D. principal; intermediary.
Economics